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MISSOULA, Mont. — W.R. Grace & Co. was found not guilty in connection with asbestos contamination of Libby, Mont., ending what was called the biggest environmental-crime prosecution in U.S. history.

A federal jury in Missoula, Mont., on Friday acquitted the company of conspiracy, violating the Clean Air Act and obstruction of justice. Three former executives also were acquitted of all charges.

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