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Dupont, Chemours to Pay $671M to Settle Ohio, W.Va. Teflon Claims

Feb. 13, 2017, 11:44 PM

DuPont Co. and former unit Chemours Co. agreed to pay a combined $670.7 million to settle personal-injury lawsuits related to a Teflon chemical that polluted water supplies in West Virginia and Ohio.

The payment will be split evenly between the companies and relates to about 3,550 claims, Wilmington, Del.-based DuPont said in a statement Feb. 13. Both companies deny wrongdoing. DuPont made C-8, also known as PFOA, in Parkersburg, W.Va., to produce products such as Teflon nonstick coatings and stain-resistant carpets. Chemours shares rose to a record high.

The settlement follows DuPont’s third consecutive jury trial loss in which the ...