If the true potential and likely costs were revealed, it would have been clear Chemours would have been nearly bankrupt from the outset. var myDate = new Date(parseInt(1606150736000)); U.S. Senate runoffs: Was Biden win a fluke or has Georgia flipped to blue? Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. DuPont also offloaded to Chemours the liabilities of more than 80 sites, the majority of which Chemours wouldn’t operate after the spinoff. Our Team Account subscription service is for legal teams of four or more attorneys. PFAS were, and in some cases continue to be, widely used chemicals that do not degrade in the environment, and the health effects of exposure to elevated levels of it are just beginning to be understood. These risks are and will be more fully discussed in DuPont's and Corteva's respective current, quarterly and annual reports and other filings made with the U.S. Securities and Exchange Commission, in each case, as may be amended from time to time in future filings with the SEC. Sponsored by: NAM (National Arbitration and Mediation) The company manufactured non-stick Teflon using PFAS, a toxic 3M chemical linked to cancer and used in a variety of everyday products. Fish and Wildlife Service to assess the Pompton Lakes contamination as it seeks its own settlement against DuPont for contamination in the borough. That figure is now estimated at $200 million, not including possible payments from class action suits. It seemed little progress was being made by officials in ensuing months. MID-LEVEL ASSOCIATE: Traditional Labor Los Angeles The Los Angeles office of Epstein Becker & Green is seeking an attorney to... SENIOR ATTORNEY: Traditional Labor The Los Angeles office of Epstein Becker & Green is seeking an individual to work... United States District Court Southern District of Texas Corpus Christi, Texas Appointment of Full-Time United States Magistrate ... Fisher Potter Hodas is pleased to announce that Brendon Carrington has been promoted to Partner. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. The state blocked a controversial cleanup plan by Chemours last year. As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism. Ultimately, DuPont and its 2015 spinoff, Chemours, agreed in 2017 to settle more than 3,500 lawsuits related to pollution in the state for $671 million. Subscribe Now. Instead, DuPont capped the costs at amounts far less than what Chemours had to pay. More than 300 homes have had ventilation systems installed to remove the hazardous vapors. Site Map / The story is being turned into a movie. $("#sub2").append( pday ); But DuPont lost every trial. In 2010, DuPont had commissioned a “blue ribbon panel of company managers, scientists and engineers to identify solutions for this recognized issue,” the documents read. Katheryn Hayes Tucker is an Atlanta-based reporter covering legal news for the Daily Report and other ALM publications. “Things did not go as well for Chemours in the aftermath of the spinoff,” the documents read. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. 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. “But the best solution and even the modest recommended solution was too much for DuPont,” the court documents read. DuPont Media Line:+1 302-999-2761. And he asked Grewal and McCabe to look into the Pompton Lakes case and report back to him. Both options are priced the same. Pompton Lakes residents respond to the lawsuits against DuPont, Millions of your tax dollars have disappeared into NJ's flawed charter school experiment, 'Boutique' apartments open in Paramus, reflecting borough's new zoning, Kinchley's and Rudy's battle it out for best Bergen pizza, effort by the U.S. For example, DuPont estimated the maximum liability for 3,500 cancer and other claims related to a type of PFAS at $128 million in 2015, the Chemours lawsuit says. February 24, 2020. Now more than ever, your commitment makes a difference. The National Institutes of Health concluded in a 2019 analysis that PFAS are in the blood of 97 percent of Americans. "We're taking on DuPont and Chemours for contaminating Pompton Lakes," Attorney General Gurbir Grewal said, to applause from more than a dozen residents gathered at a news conference in nearby Totowa. Beasley, Allen, Crow, Methvin, Portis & Miles, P.C. | All Rights Reserved. © 2020 Minnesota Public Radio. But in private company discussions, DuPont guaranteed that Chemours would have to pay no more than $2 million to clean up the environmental contamination at the Fayetteville Works plant. 'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+'://platform.twitter.com/widgets.js';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', 'twitter-wjs'); Chemours throws DuPont under the bus, alleges company chose to discharge PFAS into the Cape Fear River.
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