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A $455 million settlement covering PFAS-related claims tied to Chemours' Fayetteville Works site puts $CC in focus today, with Chemours' 50% share of approximately $180 million on a net present value basis already sitting inside existing accruals.
DuPont de Nemours and Corteva split the other half under the terms of a January 2021 memorandum of understanding, with payments stretched across a 15-year window beginning within 30 days of the execution date.
The settlement becomes final upon court entry of dismissals of the covered litigations.
Settlement scope and cost allocation The agreement resolves litigations brought by the State of North Carolina and 11 local entities near Fayetteville Works, including Bladen County, Brunswick County, Columbus County, Cumberland County, New Hanover County, Robeson County, Sampson County, the Town of Wrightsville Beach, the City of Lumberton, the Village of Bald Head Island, and the Lower Cape Fear Water and Sewer Authority.
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