The Chemours Company( NYSE CC), DuPont de Nemours,Inc.( NYSE DD) and Corteva,Inc.( NYSE CTVA)( the “ Companies ”) moment blazoned their uninterrupted support for the June 30, 2023, agreement to exhaustively resolve PFAS1- related drinking water claims of a defined class2 of public water systems.
On December 20th, the notice director in the South Carolina waterless film- forming frothmulti-district action( “ AFFF MDL ”) requested an extension until January 3, 2024, to file with the United States District Court for the District of South Carolina the list of public water systems that have decided out of the agreement class.
Under the terms of the agreement, the Companies have until moment to exercise their walk- away rights grounded on the number of conclude outs from the class. The Companies have sufficient sapience into this process to determine that they remain in favor of the agreement and don’t intend to exercise that right.
The court on December 7, 2023, issued an order allowing water systems that tagged to conclude out of the agreement to return the agreement class until as late as March 1, 2024. On December 14, 2023, the court held a fairness hail on final blessing of the agreement; the Companies await the court’s final order and support final blessing.
1 PFAS, as defined in this agreement, includes PFOA and HFPO- DA among a broad range of fluorinated organic substances.
2 The class is composed of all Public Water Systems, as defined in 42U.S.C§ 300f, with a current discovery of PFAS or that are presently needed to cover for PFAS under the EPA’s Fifth Unregulated Contaminant Monitoring Rule( “ UCMR 5 ”) or other applicable civil or state law. roughly 88 percent of theU.S. is served by systems needed to test under UCMR 5.
The Chemours Company( NYSE CC) is a global leader in Titanium Technologies, Thermal & Specialized results, and Advanced Performance Accoutrements furnishing its guests with results in a wide range of diligence with request- defining products, operation moxie and chemistry- grounded inventions. We deliver customized results with a wide range of artificial and specialty chemicals products for requests, including coatings, plastics, refrigeration and air exertion, transportation, semiconductor and consumer electronics, general artificial, and oil painting and gas. The company has roughly 6,600 workers and 29 manufacturing spots serving roughly 2,900 guests in roughly 120 countries. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE under the symbol CC.
DuPont( NYSE DD) is a global invention leader with technology- grounded accoutrements and results that help transfigure diligence and everyday life. Our workers apply different wisdom and moxie to help guests advance their stylish ideas and deliver essential inventions in crucial requests including electronics, transportation, construction, water, healthcare and worker safety. further information about the company, its businesses and results can be set up atwww.dupont.com. Investors can pierce information included on the Investor Relations section of the website
WILMINGTON,Del., December 22, 2023 – The Chemours Company( NYSE CC), DuPont de Nemours,Inc.( NYSE DD) and Corteva,Inc.( NYSE CTVA)( the “ Companies ”) moment blazoned their uninterrupted support for the June 30, 2023, agreement to exhaustively resolve PFAS1- related drinking water claims of a defined class2 of public water systems.
On December 20th, the notice director in the South Carolina waterless film- forming frothmulti-district action( “ AFFF MDL ”) requested an extension until January 3, 2024, to file with the United States District Court for the District of South Carolina the list of public water systems that have decided out of the agreement class.
Under the terms of the agreement, the Companies have until moment to exercise their walk- away rights grounded on the number of conclude outs from the class. The Companies have sufficient sapience into this process to determine that they remain in favor of the agreement and don’t intend to exercise that right.
The court on December 7, 2023, issued an order allowing water systems that tagged to conclude out of the agreement to return the agreement class until as late as March 1, 2024. On December 14, 2023, the court held a fairness hail on final blessing of the agreement; the Companies await the court’s final order and support final blessing.
1 PFAS, as defined in this agreement, includes PFOA and HFPO- DA among a broad range of fluorinated organic substances.
2 The class is composed of all Public Water Systems, as defined in 42U.S.C§ 300f, with a current discovery of PFAS or that are presently needed to cover for PFAS under the EPA’s Fifth Unregulated Contaminant Monitoring Rule( “ UCMR 5 ”) or other applicable civil or state law. roughly 88 percent of theU.S. is served by systems needed to test under UCMR 5.
About The Chemours Company
The Chemours Company( NYSE CC) is a global leader in Titanium Technologies, Thermal & Specialized results, and Advanced Performance Accoutrements furnishing its guests with results in a wide range of diligence with request- defining products, operation moxie and chemistry- grounded inventions. We deliver customized results with a wide range of artificial and specialty chemicals products for requests, including coatings, plastics, refrigeration and air exertion, transportation, semiconductor and consumer electronics, general artificial, and oil painting and gas. The company has roughly 6,600 workers and 29 manufacturing spots serving roughly 2,900 guests in roughly 120 countries. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE under the symbol CC.
About DuPont
DuPont( NYSE DD) is a global invention leader with technology- grounded accoutrements and results that help transfigure diligence and everyday life. Our workers apply different wisdom and moxie to help guests advance their stylish ideas and deliver essential inventions in crucial requests including electronics, transportation, construction, water, healthcare and worker safety.
Source Link:https://www.corteva.com/
