W.R. Grace Claimants Want Stay of Fraudulent Transfer Actions Lifted

WILMINGTON, Del. - The Claimant's Committees in the W.R. Grace & Co. bankruptcy proceedings have filed a motion with the U.S. Bankruptcy Court for the District of Delaware seeking authority to prosecute fraudulent transfer claims pending against the company.

In the June 14 motion, the committees - composed of representatives of personal injury and property damage claimants - seek authorization to prosecute and enforce all claims arising out of W.R. Grace's alleged attempt to shield billions of dollars in assets from the company's asbestos liability.

"The Fraudulent Transfer Claims may well constitute the most substantial asset of the Debtors' estates," …