Montana Mesothelioma Cancer News: W.R. Grace Stocks Rise After Asbestos Case Acquittal

2009-05-11 21:19:46 (GMT) (WiredPRNews.com - Mesothelioma Asbestos, News)

Wired PR News reports W.R. Grace stocks surge after its acquittal on asbestos charges

The chemical company sees a surge in stock prices after the company and former executives are acquitted in an asbestos case.

Mesothelioma Cancer News (Montana) – Stocks of the chemical company charged with covering up the contamination of asbestos in a small Montana town surged after its acquittal Friday. As reported by Reuters, W.R. Grace & Company stock rose significantly following the acquittal of the company and three executives on charges that they knowingly put mine workers and Libby, Montana residents at risk of asbestos related diseases.

Grace Chief Executive Fred Festa is quoted in the report as stating of the verdict, “We always believed that Grace and its former executives had acted properly and that a jury would come to the same conclusion when confronted with the evidence.” As noted by Reuters, Grace stock saw a 36 percent increase at $13.06 at Friday’s close.

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