DuPont de Nemours (DD) Class Action Settlement 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.
 

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

06/05/2023

DuPont de Nemours (DD) Class Action Settlement Case

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