He declined to provide specifics about those companies, however, or their bids.Said Robin, "My hair has started to fall out on the top. Starting in 1998, mulitple lawsuits were filed in US courts against chemical company DuPont in relation to PFOA used to produce Teflon.
That's because a major manufacturer, DuPont, recently unloaded its PFAS obligations to smaller companies that do not have the money to pay for them.Chemours also alleges in its complaint that DuPont lowballed the potential costs associated with the PFAS obligations it took on. Local farmers, residents and company workers claimed to have suffered illnesses linked to PFOA pollution from DuPont's Parkersburg plant in West Virginia. Another is 3M, headquartered in Minneapolis. 2013 DuPont agrees to pay Monsanto Co. at least $1.75 billion in a new licensing deal and both companies have agreed to dissolve their bitter legal battles over rights to technology for genetically modified seeds.
The New Jersey lawsuit alleges that DuPont began to recognize toxicity in the most common PFAS chemical in the 1960s but did not tell the state or local communities about the problem.
While the company could incur liabilities related to PFAS, "any such liabilities are not expected to be material," it told shareholders in a February filing.That estimate has turned out to be low.
Last year, in a suit against PFAS makers, the New Jersey Department of Environmental Protection contended, like Chemours, that DuPont's transfer of its chemical business was fraudulent and an attempt "to insulate itself from billions of dollars of legacy pollution liabilities" associated with the chemicals.In another PFAS case in North Carolina, DuPont estimated the exposure for Chemours at $2.09 million in 2015; it will be over $200 million, the lawsuit says.A 2019 study by the Social Science Environmental Health Research Institute at Northeastern University and the Environmental Working Group, a nonprofit focused on the environment, identified at least 610 locations in 43 states that are known to be contaminated by PFAS, including drinking water systems serving an estimated 19 million people.The New Jersey lawsuit alleges that DuPont began to recognize toxicity in the most common PFAS chemical in the 1960s but did not tell the state or local communities about the problem.The New Jersey suit also says DuPont hid the results of a 1981 blood sampling study of pregnant employees who worked with the chemicals that found one-quarter had children with birth defects.Corteva, which absorbed the old DuPont businesses that had not been spun off to Chemours, continues to maintain that PFAS liabilities will not be meaningful. Because of the two other spin-offs, new DuPont is two steps removed from PFAS obligations.Corporate spin-offs like DuPont's that transfer liabilities associated with problematic businesses are becoming more common, analysts say, especially in the energy and chemical fields.The Chemours lawsuit also contends that the terms of the 2015 spin-off by DuPont actually disadvantaged the new firm in favor of its parent company. Those owners are essentially trusting the parent company to be forthcoming about the obligations.On Wednesday, the EPA disclosed it "has multiple criminal investigations underway concerning PFAS-related pollution." I take thyroid medicine every day, and I live at the dentist. The Chemours lawsuit alleges that DuPont pursued the spin-off so it "could control the transaction structure and economics" after concluding that "no rational buyer" would accept the liabilities associated with PFAS.DuPont spokesman Turner disputed this, saying that multiple firms submitted proposals to acquire Chemours before the spin-off. DuPont has paid at least $400 million in settlements related to the chemicals so far.Now, however, there's a risk that Andrews and other people with illnesses linked to the chemicals could end up with no compensation for their health problems. Next up is the judge's ruling on oral arguments in the case.DuPont and 3M both face lawsuits over problems allegedly linked to PFAS. She says she sees them being installed at other people's houses when she's out walking her dog.DuPont has not answered the New Jersey complaint but in previous lawsuits, DuPont has denied that it hid PFAS risks.
Formerly known as DowDupont, its businesses include electronics, transportation and construction.
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