W.R. Grace Asbestos Trust: Claims and Payment

According to the trust's history page, W. R. Grace & Co. bought the Zonolite Company, which put asbestos into some building products, and Grace or companies it acquired made spray fireproofing, plaster, cement and surface products containing asbestos. Grace also mined and processed vermiculite that contained asbestos. On April 2, 2001 Grace filed a voluntary Chapter 11 petition. The case was heard in the U.S. Bankruptcy Court for the District of Delaware as Case No. 01-01139. Grace's SEC filing states that the court issued an order confirming the joint plan on January 31, 2011 and that the plan became effective on February 3, 2014. On the effective date the WRG Asbestos PI Trust Agreement was signed, establishing the trust. A court opinion describes the trust as a Delaware statutory trust, with a channeling injunction that sends asbestos personal injury claims to it. The trust site states it began accepting claims on August 25, 2014. Claims are reviewed through Expedited Review or Individual Review. The trust's distribution procedures schedule disease levels from Level I through Level VIII, with Level IV split into two categories. An April 17, 2025 notice states that the payment percentage was reduced to 30.1%.