“Flush with cash” mass poisoner can’t yet write off its asbestos liability

The Associated Press reported that “Several W.R. Grace & Co. lenders have refused to continue offering bankruptcy loans to the company, forcing it to cut back its Chapter 11 finance package from $250 million to $200 million, a lawyer said Monday. ‘We have yet to receive the full amount … that we have been asking, Janet Baer, attorney for the company told the judge overseeing Grace’s long-running bankruptcy restructuring.”

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The article goes on to say that Grace is “flush with cash” as it maneuvers to get out of Chapter 11 bankruptcy, discharge all of its debts for poisoning thousands, and return to business with a healthy bottom line. This bankruptcy scam has been pursued by dozens of major companies as they stick victims with minuscule payouts for death and terminal disease, then return from faux bankruptcy to continue earning millions in profits—with neither the bankruptcy courts nor the public every questioning why profitable companies should be allowed to put their profits into the pockets of shareholders rather than the pockets of the people they poisoned.


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