Settlement With DuPont Likely on PFAS Liability, Chemours Says

The Chemours Co. and DuPont likely will reach a settlement in a lawsuit where Chemours claims its former parent saddled it with millions of dollars to clean up per- and polyfluoroalkyl substances, or PFAS, in the environment, the company’s chief executive officer said Friday.

“The end point of this case is probably going to be a settlement between the two companies,” Mark Vergnano, Chemours’ president and CEO, said during the company’s second quarter earnings call.

An eventual settlement could result through arbitration or further litigation, he said. Chemours filed its complaint against the E.I. du Pont de Nemours & Co., ...