Personal Injury Law Update

W.R. Grace & Co. Reaches Tentative $2 Billion Settlement on Asbestos Claims

It was announced today that chemicals giant, W.R. Grace & Co., had reached a tentative $2 billion settlement on asbestos claims with a committee of asbestos personal injury claimants, a representative handling future claims and a committee of Grace stockholders. The settlement should clear the way for Grace to emerge from its bankruptcy reorganization case. The settlement will be a centerpiece of Grace's reorganization plan, which must be approved by U.S. Bankruptcy Judge Judith Fitzgerald in Pittsburgh.

New York Lead Paint Case Settles for $12.75 Million

The New York Daily News reported Tuesday that a Brooklyn, New York family whose 19 children suffered lead poisoning while living in city-subsidized housing will receive more than $12 million in what officials say is the largest lead paint personal injury settlement in state history.  The litigation was commenced in 1995 and involved over 6,000 pages of testimony before settling.