Spinoff company’s bombshell court filings say DuPont used cutthroat methods to dodge costs of cleaning up dangerous chemicals. Businesses face new restrictions with no aid in sight, How low interest rates may shape the start of a Biden presidency, Janet Yellen, Biden's pick for treasury secretary, says U.S. needs more pandemic relief spending, For retailers this year, a holiday decorating dilemma. About Us / That figure is now estimated at $200 million, not including possible payments from class action suits. NJ is ordering companies to clean it up: One in five residents get contaminated tap water, Health: Wanaque nursing home where 11 children died still has 3-star rating from government, Who are they? Legalweek(year) will bring together thousands of legal professionals for a series of 5 innovative virtual legal events. So today, we're forcing DuPont's hand. ... Molly Wood and Sean McHenry Oct 15, 2019. To understand what’s happening here, one has to understand the magnitude of the problem. March 05, 2020. After the "Toxic Secrets" series ran, Murphy compared the Pompton Lakes neighborhood to Love Canal, the infamous contaminated community in Niagara Falls, New York, that helped launch the nation's Superfund program to clean up the worst toxic sites. A weekly, curated selection of our international content from around the globe, across the business of law, in-house, regulatory, technology and more, with expert insights from our senior editors. DuPont vastly underestimated the costs, Chemours alleges, to comply with a Delaware law requiring spinoffs to be solvent. A Delaware judge on Friday unsealed a lawsuit Chemours filed last month, taking issue with the amount of liability it assumed for clean-up demands tied to DuPont products such as PFOA, a … P.C. In addition, Chemours is on the hook for hundreds of millions of dollars to remediate several sites in New Jersey. It ended with a class action suit against chemical maker DuPont and a settlement of more than $600 million over personal injuries related to the chemical known as perfluorooctanoic acid, or PFOA. DuPont vastly underestimated the costs, Chemours alleges, to comply with a Delaware law requiring spinoffs to be solvent. As the issue of employee misclassification gets a shakeout in various courts, one such suit was filed by workers participating in a Juul-led campaign to overturn San Francisco's ordinance banning the use of electronic cigarettes. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. "We allege that DuPont's leaders knew or at the very least should have known that its actions were contaminating New Jersey's resources and harming the local community," Grewal said. Legal Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALM’s deep bench of proprietary information to provide insights that can’t be found anywhere else. Dupont and 3M knowingly contaminated drinking water across the US, lawsuits allege ... May 29, 2019. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information. Beasley, Allen, Crow, Methvin, Portis & Miles, P.C. McCabe said she was not in favor of placing similar pump-and-treat systems in the neighborhood, as some residents requested, saying it was better to treat the contamination at the source. Coincidentally, this was around the time DuPont announced its plan to spin off Chemours – which had a code name inside the company: “Project Beta.”. Customer Service / The National Institutes of Health concluded in a 2019 analysis that PFAS are in the blood of 97 percent of Americans. The company has laid off 1,000 employees. He also wrote a book about his experiences, “Exposure: Poisoned Water, Corporate Greed, and One Lawyer’s Twenty-Year Battle Against DuPont.” You can read an excerpt of the book here. WILMINGTON, Del., June 28, 2019 /PRNewswire/ -- DuPont de Nemours, Inc. ("DuPont") and Corteva, Inc. ("Corteva") issued the following statement upon the release of the unredacted complaint: We find it regrettable that our former colleagues at Chemours have taken this action in an attempt to limit responsibility for their litigation and environmental liabilities under the Separation Agreement, which the parties amended and otherwise reaffirmed in 2017. After the spinoff was complete in July 2015, Chemours became an independent company; the three members of the Chemours board resigned and returned to DuPont. Forward-looking statements address matters that are, to varying degrees, uncertain and subject to risks, uncertainties and assumptions, many of which that are beyond DuPont's and Corteva's control, that could cause actual results to differ materially from those expressed in any forward-looking statements. Chemours also said it "will defend itself vigorously against these allegations.". © 2020 Quartz Media, Inc. All rights reserved. Jeffrey Dintzer and Peter Masaitis | More information can be found at www.corteva.com. Contact Us / A nationwide claim was filed last year. }); Webcast Date: Thursday, December 3, 2020 @ 2pm ET | EARN 1.0 CLE for attending live | Mobile apps have become a major target for fraudulent transactions, which continues to increase. "This is definitely something — it's hope," he said. DuPont could have permanently stopped discharging perfluorinated compounds – PFAS – from its Fayetteville Works plant into the Cape Fear River nine years ago, but decided against it in order to foist the liability onto a spinoff company, court documents allege. DuPont™, the DuPont Oval Logo, and all products, unless otherwise noted, denoted with ™, ℠ or ® are trademarks, service marks or registered trademarks of affiliates of DuPont de Nemours, Inc. DuPont and Corteva Statement on The Chemours Company Lawsuit. Tailored just for you. All Rights Reserved. “Things did not go as well for Chemours in the aftermath of the spinoff,” the documents read. DuPont vastly underestimated the costs, Chemours alleges, 224 S. Dawson Street, Raleigh, NC 27601 | P.O.
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