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DD.US
id: 1042

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
Inactive 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