W.R. Grace & Co. are now accepting and paying personal injury and death claims due to asbestos, after 13 years.
In 2001, W.R. Grace & Co. filed for reorganization under Chapter 11 of the United States Bankruptcy Code. They were facing many claims which were primarily due to the addition of asbestos to their various commercial and residential fire protection and plaster products.
In 2008, a settlement was reached and they created an independent trust to pay all pending and future asbestos related personal injury claims. It took then almost six years to finalize the settlement through Chapter 11 and when the company came out of bankruptcy in early 2104, the plan which outlines how they will pay both unsettled and future asbestos claims was put into effect.
The trust recognizes asbestosis and other asbestos related diseases as well as the most serious one, mesothelioma. If a claimant can prove their disease is due to exposure to Grace products, they can then claim from the trust and should contact an attorney who specializes in asbestos related claims.
If you have been diagnosed with an asbestos related disease, you may be entitled to monetary compensation. Contact the Law Office of Brayton Purcell, LLP at (800) 598-0314 immediately, or contact us online for a free consultation.
