DuPont, Chemours and Corteva settle North Carolina PFAS claims for $455 million
Filed with the SEC on · Summarized by InvestorsBot
DuPont, Chemours and Corteva agreed to pay $455 million over 15 years to resolve PFAS and other historical-discharge claims brought by North Carolina and 11 local entities, with payments beginning within 30 days of signing and dismissals still required. DuPont’s share has a pre-tax present value of about $126 million, 44% of which will be reimbursed by Qnity Electronics, and the amount is materially covered by existing accruals.