Do you have asbestos in your home or attic? Many homes do and, in a class action lawsuit tentative settlement, W.R. Grace & Co. has agreed to establish a $140 million fund to compensate homeowners who have been unknowingly exposed to the potentially deadly substance. Those exposed to asbestos, even on just one occasion, run the risk of developing one of the diseases including asbestosis, lung cancer, and malignant mesothelioma.
The class action settlement centers on an asbestos-based insulation called Zonolite. The product was extremely popular and utilized for home construction prior to 1975. In fact, one estimate put the number of homes containing Zonolite at 35 million. It was marketed and sold as a "do-it-yourself" product over a 60-year period. During that time, Zonolite was installed in thousands upon thousands of American homes, potentially putting the installer and the residents at risk. Due to an exceptionally long latency period, symptoms may not appear for 20 years or more, delaying diagnosis and severely reducing the chance of survival.
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