Published: Tue, February 14, 2017
Global Media | By Garry Long

DuPont, Chemours settles PFOA cases for $670 million

DuPont, Chemours settles PFOA cases for $670 million

It resolves all indemnification obligations between Chemours and DuPont for all of the approximately 3,500 claims in the OH multi-district litigation, Chemours said in a news release issued February 13.

About 3,550 lawsuits have been filed in federal and state courts in OH and West Virginia alleging injury from exposure to perfluorooctanoic acid in drinking water.

The company's press release also said that, to address future C8 liabilities that might arise, DuPont and Chemours have agreed that, for a period of five years, Chemours would annually pay C8 liabilities of up to $25 million on top of the settlement amount.

A group of residents from the affected communities, Keep Your Promises, called it an "enormous step in the right direction" and said they were "cautiously optimistic" that impacted residents would approve settlement offers and that the deal would move ahead without delay.

DuPont has reached a $670.7 million settlement over lawsuits related to the exposure of a toxic chemical from a West Virginia plant. It also brings the total cost to DuPont and Chemours, throughout the litigation, to more than $1 billion.

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Shares of DuPont were flat in pre-market trading, while Chemours spiked 11%.

"This agreement provides a sound resolution for area residents, Chemours, and the public", said David Shelton, senior vice president and general counsel for Chemours.

DuPont officials say the settlement of the multi-district litigation in OH includes all claims pending, including those for which jury verdicts have already been issued.

It's believed C-8 was used as early as the 1950's at the Washington Works plant near Parkersburg. "We look forward to working with DuPont to finalize this settlement and get these injured class members paid as quickly as possible". DuPont and other companies have reduced their emissions and agreed on a voluntary phase-out of the chemical, but researchers are still concerned about a growing list of possible health effects and about the chemical's presence in consumer products, as well as continued pollution from waste disposal practices.

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