Chemours Board, Leadership Hid PFAS Liability, Lawsuit Alleges

Chemours Co.'s board and senior leadership concealed billions in potential environmental liabilities related to so-called forever chemicals known as PFAS, while two top executives sold stock at prices inflated by the scheme, investors allege in a federal lawsuit.

‘Baseless Concoctions': “Chemours inherited massive liabilities” in its 2015 spinoff from DuPont “that rendered it insolvent from the start,” and it has admitted under oath that management and the board were “fully aware” its public liability estimates were “baseless concoctions,” one of two lawsuits says. The suits were filed in the U.S. District Court for the District of Delaware.

Company Responds: Chemours ...