Abstract
A FEDERAL GRAND JURY IN Montana has issued a criminal indictment against WR. Grace and seven current and former Grace executives for knowingly exposing residents of Libby, Mont., to asbestos and concealing the danger. This is the first time a major company's executives have faced jail terms for asbestos charges. If found guilty, the company could be fined twice the $140 million profits made in the mining operations or twice the losses suffered by the victims. The Grace executives could be sentenced to five to 70 years in prison if convicted of all 10 charges in the indictment. According to the Justice Department, asbestos contamination from the vermiculite mine operations run by W.R. Grace from 1963 until 1990 sickened at least 1,200 residents in the Libby area. Beginning in the 1970s, the indictment states, Grace's internal studies indicated health problems from asbestos at its vermiculite mining operation, but Grace concealed that information from the community. ...
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