W.R. Grace Likely to Face Indictment

W.R. Grace & Co., which filed for bankruptcy protection in 2001 amid thousands of asbestos-related claims, said it might be indicted in a probe of alleged environmental violations and obstruction of government proceedings in connection with a Montana mine.

“The government is asserting that it has substantial evidence linking the company to the commission of a crime,” Columbia, Md.-based W.R. Grace said in a filing with the Securities and Exchange Commission. The company “is likely to be indicted during the first quarter of 2005.”

Shares of Grace fell 63 cents to $13.20 on the NYSE.