Rob Westervelt 2023-07-06 23:46:25
The Chemours Company (Wilmington, Delaware), DuPont de Nemours, Inc. (Wilmington) and Corteva, Inc. (Indianapolis, Indiana) reached a definitive agreement on June 30 to resolve all per- and polyfluoroalkyl substances (PFAS)-related drinking water claims filed on behalf of most US public water systems. The deal finalizes the agreement in principle between the companies and plaintiffs’ counsel announced on June 2 to settle the claims for $1.185 billion in cash.
Chemours will contribute 50% of the settlement, or about $592 million. DuPont will contribute about $400 million and Corteva about $193 million to cover the remaining 50%. Approximately 88% of the US is served by systems included in the class, according to a Chemours regulatory filing.
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