The DuPont Co. and two spin-off firms will pay $110 million to the state of Ohio to settle a lawsuit over environmental threats from toxic chemicals used at a former DuPont facility in neighboring West Virginia, the companies said Wednesday. The settlement involving DuPont, the Chemours Co. and Corteva Inc. resolves Ohio’s claims relating to releases of manmade, fluorinated compounds known as PFAS.
Chemours, Dupont De Nemours and Corteva have reached a settlement agreement with the U.S. state of Ohio for $110 million to resolve claims associated with toxic "forever chemicals", the companies said on Wednesday. Chemours, a spin-off of DuPont, said it would be responsible for half of the settlement costs, DuPont would provide about $39 million, and Corteva is expected to cover the rest.
DuPont de Nemours, Inc. ("DuPont") (NYSE: DD) today announced that DuPont, The Chemours Company (NYSE: CC) and Corteva, Inc. (NYSE: CTVA) (the "Companies") reached a settlement agreement with The State of Ohio designed to benefit Ohio's natural resources and the people of the State of Ohio.