Chemours’ Motion to Dismiss Investor Suit Denied
Partially granting DuPont’s motion to dismiss, a Delaware District Court is allowing a consolidated class action alleging that the DuPont spinoff, Chemours knowingly hid the extent of its environmental remediation liabilities from investors. In particular, the investors’ suit points to PFAS as the basis for their allegations, claiming that Chemours “dramatically mischaracterized” its financial condition and “vastly understated” its liabilities “from decades of environmental pollution” in five filings with the U.S. Securities and Exchange Commission between 2018 and 2019.
February 24, 2022 | In re The Chemours Company Securities Litigation Case No. 19-1911 (D. Del.)