Asbestos Plaintiffs:  W.R. Grace Insurer’s Liability Buyers Profit On Human Pain

Mealey's (March 24, 2022, 10:27 AM EDT) -- GREAT FALLS, Mont. — The insurer liable under Montana law for worker asbestos exposures at the former W.R. Grace & Co. mine sold its liability to third-party investors who use the “float” on future payments for economic gain in a scheme that is a “vehicle for turning human suffering into an investment commodity,” plaintiffs claim in a March 21 federal lawsuit seeking declaratory relief....