W.R. Grace & Co. has agreed to pay up to $140 million to settle a class action lawsuit stemming from its use of an attic-insulating product that contained asbestos. The payouts stem from the specialty chemical maker company's sale of Zonolite attic insulation, a loose-fill vermiculite product that can contain naturally occurring asbestos. Zonolite was installed in millions of homes throughout the U.S. and Canada.
W.R. Grace to Pay up to $140 Million in Asbestos Case
The Associated Press
December 4, 2008