DuPont Settles North Carolina PFAS Claims for $455M, Resolving Key Litigation
DD sits 38% above its 52-week low of $92.45.
Summary
DuPont, Chemours, and Corteva reached a settlement with North Carolina and 11 local entities over PFAS contamination claims, with total payments of $455 million over 15 years. DuPont's pre-tax share is approximately $126 million, 44% of which will be reimbursed by Qnity Electronics, and the amount is materially covered by existing accruals. DuPont recorded a probable loss of about $125 million in Q2 2026 related to this matter. This resolves litigation that was excluded from the 2024 U.S. Public Water System Class Settlement, removing a significant legal overhang. The settlement also clarifies cost-sharing arrangements under the 2021 MOU, with the companies' aggregate New Jersey and North Carolina payments satisfying future escrow contribution obligations. The agreement remains subject to entry of dismissals of the covered litigations.
At the time of this announcement, DD was trading at $127.92 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $17.3B. The 52-week trading range was $92.45 to $157.98. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: PR Newswire.