Chemours CoChemours is a party to the $455M North Carolina PFAS settlement resolving state and local contamination lawsuits tied to Fayetteville Works.
DuPont de Nemours, Chemours and Corteva have agreed to pay $455 million to settle PFAS contamination claims in North Carolina, including discharges tied to the Fayetteville Works manufacturing site. The settlement resolves lawsuits brought by the state and 11 local governments near the plant, and also covers certain statewide claims involving PFAS contamination from other sources, including firefighting foam. Payments will be made over 15 years, beginning within 30 days of the agreement's execution, and the companies estimated the payments have a combined net present value of about $355 million. Of the $455 million total, $18 million is attributed to contamination allegations not connected to Fayetteville Works, with no more than $14.4 million of that amount relating to aqueous film-forming foam, or AFFF. DuPont's pre-tax share has a present value of about $126 million, with 44%, or roughly $55 million, to be reimbursed by Qnity Electronics, leaving DuPont with an effective share of about $71 million before taxes and other adjustments; DuPont said its portion is largely covered by existing reserves. The agreement remains subject to the dismissal of the covered lawsuits, and the companies said PFAS remains a continuing legal risk, citing pending or potential personal-injury cases, natural-resource damage claims, remediation obligations and changing environmental regulations.
Chemours CoChemours is a party to the $455M North Carolina PFAS settlement resolving state and local contamination lawsuits tied to Fayetteville Works.
Corteva IncCorteva is a party to the $455M PFAS settlement resolving North Carolina contamination claims, with continuing legal risk noted.
Dupont De Nemours IncDuPont agreed to pay its share of the $455M PFAS settlement, with an effective pre-tax share of about $71M largely covered by existing reserves.