Judge Orders Sealed Air, W.R. Grace Fraudulent Transfer Trial to Proceed

WILMINGTON, Del. - A multi-billion dollar fraudulent transfer suit involving the sale of a W.R. Grace subsidiary to Sealed Air Corp. is scheduled to get underway Dec. 9, after being postponed by a recent ruling that could make it difficult for a creditors committee to pursue the claim in bankruptcy court. In Re: W.R. Grace & Co., et al., No. 01-1139, Adv. No. 02-2210 (D. Del., Bankr.).

In an opinion issued Oct. 24, U.S. Bankruptcy Judge Alfred M. Wolin said the case should proceed in spite of the decision issued in September by the U.S. Third Circuit Court of Appeals …