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DD.US
id: 1042, Created by , Scout

DuPont de Nemours (DD) Class Action Settlement Payment Case

  • On June 2, 2023, DuPont (DD) announced that it had agreed to settle a class action lawsuit related to claims of a class of public water systems.
  • On it, $DD fell 1.1%, losing $344M+ of shareholder value.
  • Investors may have grounds to suspect DuPont BoD and senior management in breach of their fiduciary duties, which led to their losses.
On June 2, 2023, DuPont announced that it had agreed to pay $1.185 billion with The Chemours Company and Corteva, Inc., to settle a class action lawsuit relating to PFAS-related drinking water claims of a class of public water systems. DuPont’s share of the settlement is about $400 million.

On this news, $DD fell 1.1% and lost over $344 million of its market capitalization, seriously damaging shareholders.

Considering all the information, investors might have grounds to suspect that DuPont failed to observe environmental regulations, which led to their losses.

The case is already under investigation by at least one of the reputable law firms.
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
05 June 2023
Collecting participants…

Dupont De Nemours Inc

DuPont de Nemours, Inc. provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Ele...

    Ticker
    DD.US
    ISIN
    US26614N1028
    CIK
    1666700
    Sector
    Basic Materials
    Industry
    Specialty Chemicals
    Country
    USA
    Address
    Building 730, Wilmington, DE, United States, 19805