W.R. Grace Likely to Face Indictment
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W.R. Grace & Co., which filed for bankruptcy protection in 2001 amid thousands of asbestos-related claims, said it might be indicted in a probe of alleged environmental violations and obstruction of government proceedings in connection with a Montana mine.
“The government is asserting that it has substantial evidence linking the company to the commission of a crime,” Columbia, Md.-based W.R. Grace said in a filing with the Securities and Exchange Commission. The company “is likely to be indicted during the first quarter of 2005.”
Shares of Grace fell 63 cents to $13.20 on the NYSE.
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