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A federal judge in Newark, N.J., has ruled that asbestos claimants against bankrupt W.R. Grace & Co. can include claims made after 1998 in their quest to prove that the company was insolvent and that its assets were fraudulently transferred. The decision is bad news for Sealed Air Corp. Because it bought Grace's Cryovac unit in 1998, it is potentially on the hook for the fraudulent conveyance.
August 02, 2002 at 12:00 AM
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The original version of this story was published on Law.Com
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