What changed
DuPont, Chemours, and Corteva agreed to pay $455 million over 15 years to resolve PFAS-related claims by North Carolina and 11 local entities. The settlement has a net present value of approximately $355 million. DuPont’s pre-tax present value share is approximately $126 million, of which 44% shall be reimbursed by Qnity Electronics, and is materially covered by existing accruals. Payments begin within 30 days of the execution date of the Settlement Agreement.
Why it matters
DuPont, Chemours, and Corteva agreed to pay $455 million over 15 years to resolve PFAS-related claims by North Carolina and 11 local entities. The settlement has a net present value of approximately $