IN RE W.R. GRACE & CO.

Bankruptcy Nos. 01-1139 to 01-1200. Adversary Nos. 02-2210, 02-2211.

281 B.R. 852 (2002)

In re W.R. GRACE & CO., et al., Debtors. Official Committee of Asbestos Personal Injury Claimants and Official Committee of Asbestos Property Damage Claimants of W.R. Grace & Co., suing in behalf of the Chapter 11 Bankruptcy Estate of W.R. Grace & Co., et al., Plaintiffs, v. Sealed Air Corporation and Cryovac, Inc., Defendants. Official Committee of Asbestos Personal Injury Claimants and Official Committee of Asbestos Property Damage Claimants of W.R. Grace & Co., suing in behalf of the Chapter 11 Bankruptcy Estate of W.R. Grace & Co., et al., Plaintiffs, v. Fresenius Medical Care Holdings, Inc. and National Medical Care, Inc., Defendants.

United States Bankruptcy Court, D. Delaware.

July 29, 2002.


Attorney(s) appearing for the Case

David W. Carickhoff, Jr., Laura Davis Jones, Rachel Sarah Lowy, Rosalie L. Spelman, Pachulski, Stang, Ziehl, Young & Jones, Michael R. Lastowski, Duane Morris LLP, Wilmington, DE, for W.R. Grace & Co.

Rick S. Miller, Theodore J. Tacconelli, Ferry & Joseph P.A., Mark T. Hurford, Matthew G. Zaleski, III, Campbell & Levine, LLC, Wilmington, DE, for Official Committee of Asbestos Property Damage Claimants and Official Committee of Asbestos Personal Injury Claimants.

David R. Hurst, Kevin F. Brady, Mark S. Chehi, Patricia A. Widdoss, Skadden, Arps, Slate, Meagher & Flom, William H. Sudell, Jr., Morris, Nichols, Arsht & Tunnell, Wilmington, DE, for Sealed Air Corp., Cryovac, Inc., Fresenius Medical Care Holdings, Inc., and National Medical Care, Inc.

Michael R. Lastowski, Richard W. Wiley, Duane Morris LLP, Wilmington, DE, for Official Committee of Unsecured Creditors.

Francis J. Murphy, Murphy, Spadaro & Landon, Wilmington, DE, trustee.

Frank J. Perch, III, Office of U.S. Trustee, Wilmington, DE, U.S. Trustee.


OPINION

WOLIN, District Judge.

This matter has been opened before the Court upon the parties' application for an in limine ruling on the choice of law and the legal standards to be applied at trial to determine the solvency of the debtor, defendant W.R. Grace & Co. in this fraudulent conveyance adversary proceeding.1 The Court has reviewed the submissions and heard the oral arguments of counsel. For the reasons...

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