W.R. Grace says ruling on reorganization could come in January

December 28, 2010|By Jamie Smith Hopkins, The Baltimore Sun

Chemical company W.R. Grace & Co. said Tuesday that its reorganization plan could be approved in January — nearly 10 years after it entered bankruptcy protection.

The Columbia-based company, which filed for bankruptcy in Delaware because of numerous asbestos lawsuits, said in a statement that Judge Judith K. Fitzgerald revealed in a status conference that she expects to issue a ruling next month.

The judge had hoped to do so by the end of this year, according to W.R. Grace.

jamie.smith.hopkins@baltsun.com

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