Corteva to pay about $66M in North Carolina PFAS settlement
Finalized Wednesday, Corteva and partners agreed to a $455 million PFAS settlement with North Carolina and local entities resolving claims tied to historical discharges and Chemours’ 2019 consent order. Payments span 15 years, with Corteva covering about $66 million and guaranteeing 29% of Chemours’ portion; DuPont covers 71%. A $210 million net-present-value amount will offset the $4 billion qualified-spend cap.
Coverage (4)
- Corteva (CTVA) Reaches $455 Million North Carolina PFAS Settleme (gurufocus.com)
- Chemical companies reach $455m settlement with North Carolina over ‘forever chemicals’ claims (theguardian.com)
- North Carolina reaches $455M settlement with chemical companies over PFAS contamination (wlos.com)
- Corteva and partners agree to $455 million PFAS settlement with North Carolina By Investing.com (investing.com)