Congoleum Corporation’s Chief Financial Officer Howard N. Feist reported that the “District Court of New Jersey has entered an order confirming Congoleum’s Fourth Amended Plan of Reorganization. With the District Court’s confirmation order, Congoleum will now proceed with the steps necessary to implement the plan.”
Congoleum Corporation manufactured vinyl asbestos floor tiles through 1975.  These tiles [...]

W.R. Grace & Co. said it will not have to pay U.S. income taxes for three years after it emerges from bankruptcy because losses stemming from asbestos-related health claims can be counted against earnings. Many who were working for or exposed to asbestos containing products manufactured by W.R. Grace developed mesothelioma, asbestosis and other asbestos [...]