Wr Grace Asbestos, Vermiculite And Libby Lincoln County Asbestos Resource Program

Grace company or grace was founded by william russel grace in 1854.

Mesothelioma and breast cancer. Asbestos naturally occurs in many geological formations and the asbestos industry covered up the evidence of its toxicity until the 1970s. The wrg asbestos pi trust provides for the resolution of asbestos pi claims as defined in the first amended joint plan or reorganization. The wrg asbestos pi trust was organized to process liquidate and pay all valid asbestos personal injury claims for which wr.

Grace also known as wr. After purchasing a vermiculite mine and a processing mill nearby libby montana the company began manufacturing up to 200000 tons of vermiculite every year which was contaminated with significant amounts of asbestos as asbestos occurs in close proximity to vermiculite in the earth. Grace has legal responsibility.

Grace asbestos trust created in response to some 130000 asbestos injury claims the wr. Grace acquired the zonolite company in 1963 and continued zonolites vermiculite mining and processing until ceasing libby operations in 1990. Is accepting and paying asbestos related personal injury and death claims for which they their predecessors and their successors have legal responsibility through a trust established under chapter 11 of the united states bankruptcy code.

Grace asbestos trust is accepting claims after 13 years wr. Grace co wr. Gustafson wrote that marylands actions caused increased or prolonged exposure to asbestos thereby increasing the risk of harm to workers beyond the pre existing risk created by grace wr.

Throughout the 1900s the company acquired other asbestos manufacturers and became responsible for the production of many different asbestos products. Graces asbestos contaminated vermiculite mines are the most notorious example but miners at several other sites around montana have carried a high risk of exposure as well. When it filed under chapter 11 the company faced more than 129000 personal injury claims including 120 related to graces former vermiculite mining operations in libby.

The purpose of the pi trust is to assume all liabilities and responsibility for all pi trust claims and among other things to direct the processing liquidation and payment of all pi trust claims in accordance with the plan the trust distribution. Grace asbestos trust will be funded with more than 18 billion. Grace employees exposed to asbestos.

Grace was involved in many insulation fireproofing and heat resistance construction materials the majority of which contained toxic asbestos. The trust established after the company filed for chapter 11 bankruptcy protection in 2001 ensures claimants will be compensated for asbestos related injuries sustained as a result of.