Inc. The issues involved in this case relate to a business that was sold by Grace in March 1996. The lawsuit was filed after the sale took place. None of the allegations involved any member of Grace's management team or any current Grace employee. Under the settlement, Grace continued to deny the allegations in the suit. We are settling this case because we think it is in the best interests of our employees and our shareholders to put this matter behind us.
Grace has in place a very strong policy prohibiting sexual harassment.
Grace is a leading global supplier of catalysts and silica products, specialty construction chemicals and building materials, and container products.