W.R. Grace Bankruptcy Superfund Settlement

Massachusetts Department of Environmental Protection (MassDEP) reached a settlement with W.R. Grace to pay for the cleanup at nine (9) contaminated properties around the state. The state will receive $700,298 plus accrued interest from June 2005; and $105,582.97 for past costs and accrued interest from May 25, 2010. The state reserves the right to sue for additional natural resource claims at the: Acton, Wells G&H and Blackburn & Union Privileges sites. In December 2010, W.R. Grace reported a negative stockholder equity of $75.7 million (-75.7). This means that any liability (not just environmental) will be considered a material impact on earnings.