W.R. Grace & Co. has agreed to reimburse the federal government $250 million for the investigation and cleanup of asbestos contamination blamed for sickening hundreds of people, some fatally, in the northwestern Montana town of Libby. Approval of a federal bankruptcy judge is necessary to cement the agreement announced Tuesday by the U.S. Justice Department, which said $250 million is a record sum for reimbursement through the government's Superfund environmental cleanup program.
Grace to Pay Feds $250 Million for Montana Asbestos Cleanup
The Associated Press
March 12, 2008