W.R. Grace & Co. projected that it could complete its reorganization by the end of 2013 if it received positive outcomes regarding pending appeals of the order confirming its reorganization plan, the Deal Pipeline reported yesterday. Five appeals are pending in the U.S. Court of Appeals for the Third Circuit. The appeals generally deal with proposed interest rates, the validity of asbestos channeling injunctions and the classification of claims. W.R. Grace anticipates presenting oral arguments to the court in the first quarter of 2013 and receiving a ruling in the third quarter. Should the court rule in W.R. Grace's favor, the Columbia, Md., company would exit bankruptcy by the end of next year, more than 12 years after filing for chapter 11 on April 2, 2001.
