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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
Inactive Investigation
Alleged Offence
Misleading Statements,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
05/31/2023