Asbestos fund included in WR Grace plan
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The reorganization plan filed by WR Grace &amp; Co. in its Chapter 11 bankruptcy case includes a proposal to establish a trust to handle a variety of asbestos claims against the chemical manufacturer.
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By CAIN BURDEAU  NEW ORLEANS - A new congressional report says the Environmental Protection Agency potentially exposed scores of residents, volunteers and workers to asbestos fibers by not doing more to monitor the contaminant in the cleanup after Hurricane Katrina.
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Senate Judiciary Committee Chairman  Arlen Specter said on Wednesday he was proposing a $140 billion  trust fund to compensate asbestos victims while ending their  right to sue for damages.
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Senate Judiciary Committee Chairman Arlen Specter said on Wednesday he was proposing a &#36;140 billion fund to compensate asbestos victims and cap the liability of companies paying them damages.
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Several major corporations, including one forced into bankruptcy because of asbestos litigation, are opposing a plan by congressional Republicans that would ban asbestos liability lawsuits in exchange for a multibillion-dollar compensation fund.
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WR Grace &amp; Co. disclosed yesterday that federal prosecutors were likely to indict the chemical and building material supplier during the first quarter of 2005 on charges related to environmental
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WR Grace &amp; Co. (GRA.N: Quote, Profile, Research) on Friday said it may be close to a deal with its biggest creditors on a plan to emerge from bankruptcy, driving
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(Adds details of funding proposal and company comments.) By Morag MacKinnon Of DOW JONES NEWSWIRES. SYDNEY (Dow Jones)--Building products manufacturer James Hardie Industries NV (JHX) agreed Tuesday to fund
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The City watchdog, the Financial Services Authority, announced today that it has agreed a Â£194 million compensation fund for investors who lost money in split-capital trusts four years ago.
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W.R. Grace & Co. GRA.N and seven  current or former executives were charged on Monday with  conspiring to endanger residents in Libby, Montana, and   concealing the health risks from asbestos-contaminated  vermiculite, the U.S. Justice Department said.
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By Jim Sparks, Winston-Salem Journal, N.C.  Jan. 31--North Carolina's land trusts will use a $150,000 grant from the Z. Smith Reynolds Foundation to put a strategy in place for expanding conservation and water-protection efforts in the state over the next two years.
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Embattled building products firm James Hardie Industries NV yesterday signed a landmark compensation deal for thousands of Australians battling asbestos-related disease after exposure to its products.
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WR Grace &amp; Co. Inc. said Friday it has asked for a delay in filing a reorganization plan in its bankruptcy case so it can continue to negotiate with creditors.
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MORE than 700 asbestos disease victims face reduced payouts in the immediate future after James Hardie&#39;s compensation fund today applied for provisional liquidation.
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James Hardie Industries NV underfunded a trust to compensate asbestos victims by at least A$1.5 billion ($1.1 billion) and misled investors when it said it had set aside enough money
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TONY JONES: Unions and asbestos victims have accused the James Hardie Board of protecting the chief architects of its underfunded compensation trust.
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Australian building products firm James Hardie Industries NV faces possible charges after a government inquiry found it broke the law when it said in 2001 it had enough money in a fund to compensate thousands of asbestos victims.