DuPont, Corteva, Chemours Reach Agree on Settlement of PFOA Matters
January 22 2021 - 6:58AM
Dow Jones News
By Matt Grossman
DuPont de Nemours Inc., Corteva Inc. and Chemours Co. have
reached a settlement that includes agreements on how to handle
liabilities related to a class of chemicals that has been linked to
health concerns.
The settlement concerns expenses from liabilities related to
perfluorooctanoic acid, or PFOA, and related compounds, the
companies said Friday.
The compounds were used in consumer and industrial applications,
but have been blamed for health problems such as cancer by
researchers.
The settlement reached by the companies dictates how they will
share costs arising out of legal disputes related to the materials,
they said.
The companies said they also agreed to resolve litigation in
Ohio related to the chemicals for $83 million.
The materials at issue, called per- or polyfluoroalkyl
substances, or PFAS, have been found in drinking water in some
communities.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
January 22, 2021 07:43 ET (12:43 GMT)
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