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CTVA.US
id: 1039

Corteva (CTVA) Class Action Settlement Payment Case

  • On June 2, 2023, Corteva (CTVA) announced that it had agreed to settle a class action lawsuit related to claims of a class of public water systems..
  • On it, on May 31, 2023 $CTVA fell 2.69%, losing $1B+ of shareholder value.
  • Investors may have grounds to suspect Corteva BoD and senior management in breach of their fiduciary duties, which led to their losses.
On June 2, 2023, Corteva announced that it had agreed to pay $1.185 billion with The Chemours Company and DuPont de Nemours, Inc. to settle a class action lawsuit relating to PFAS-related drinking water claims of a class of public water systems. Corteva’s share of the settlement is about $193 million.

On this news, on December 20, 2023 $CTVA fell 2.69% and lost over $1 billion of its market capitalization, seriously damaging shareholders.
  • Considering all the information, investors might have grounds to suspect that Corteva BoD and senior management failed to uphold their fiduciary duties to the Company, which led to their losses.
The case is already under investigation by at least one of the reputable law firms.
Case Status
Attorney Investigation
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
31 May 2023
Collecting participants…

Corteva Inc

Corteva, Inc. operates in the agriculture business. It operates through two segments, Seed and Crop Protection. The Seed segment develops and supplies advanced germplasm and traits that produce opt...

    Ticker
    CTVA.US
    ISIN
    US22052L1044
    CIK
    1755672
    Sector
    Basic Materials
    Industry
    Agricultural Inputs
    Country
    USA
    Address
    9330 Zionsville Road, Indianapolis, IN, United States, 46268