A federal district court judge denied Corteva Inc. and DuPont de Nemours Inc.’s motion to dismiss a lawsuit brought again them for lack of personal jurisdiction. The companies claimed that the plaintiff, the city of Stuart, Florida, lacked jurisdiction over them because they are based in Delaware, but the court disagreed. The court held that…
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…
In two separate derivative suits, shareholders of Chemours Co. claim that the company’s officers concealed the massive PFAS liabilities the company inherited from DuPont. Plaintiffs allege that the officers executed “coordinated” sales of company stock before public disclosure of the company’s PFAS liability resulted in plummeting stock value. July 27, 2020 | Lee v. Brown, et al.,…