Chemical Company Owes Federal Government $250 Million in Asbestos Settlement
Tuesday, March 18th, 2008The Department of Justice has said that the settlement of $250 million between W.R. Grace and the federal government is the highest asbestos settlement in history. The settlement was announced on March 11, 2008.
The money has been allocated to reimburse the government for the costs incurred during the process of investigating and cleaning up the asbestos contamination of the mining operations in Libby, Montana.
Since May 2000, the Department of Justice and the Environmental Protection Agency have been working remove soil and materials in and around Libby that are contaminated with asbestos. Under the Comprehensive Environmental Response, Compensation, and Liability Act, the federal government filed a lawsuit against W.R. Grace in March 2001 to try to recover the expenses of asbestos removal.
The 2001 lawsuit also named a W.R. Grace subsidiary, Kootenai Development Corporation, as a defendant because they own three of the properties contaminated with asbestos.
W.R. Grace both owned and operated the vermiculite mine that was contaminated with asbestos in Libby from 1963 to 1990. Asbestos is the only known cause of mesothelioma, a rare and fatal form of lung cancer.
Mesothelioma attorneys are currently working on cases involving exposure to asbestos.