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It was announced today that chemicals giant, W.R. Grace & Co., had reached a tentative $2 billion settlement on asbestos claims with a committee of asbestos personal injury claimants, a representative handling future claims and a committee of Grace stockholders. The settlement should clear the way for Grace to emerge from its bankruptcy reorganization case. […]
The media reported on Tuesday that investigators from the National Transportation Safety Board ("NTSB") have concluded that a design flaw caused last summer’s collapse of a bridge in Minnesota, and that such flaw would not have been discovered during routine state inspections. The nature of the flaw related to steel structures known as gusset plates […]