Wilmington, Delaware — Blowing agent company, Chemours has agreed to pay $335m to settle claims arising from multi-district perfluorooctanoic acid (PFOA) litigation between a DuPont and around 3500 plaintiffs.
In a press release, Chemours said its contribution is part of the $671 m global settlement which DuPont reached with the plaintiffs for personal injury claims associated with Ohio multi-district legislation. Neither DuPont nor Chemours admit liability or fault, the statement says.
Chemours was spun out of DuPont in June 2015, according to New York Stock Exchange data and the liabilities relate to a period before the spin off.
Chemours has additionally agreed to pay the first $25 m/year of any potential future PFO a costs. If that amount is exceeded DuPont will pay up to $25 m/year.
