Chemours Shareholder Suit Over Spinoff Liabilities Dismissed (2)

A Delaware judge dismissed a suit by Chemours Co. shareholders alleging directors misled them about the company’s financial health and legal liabilities when it was spun off from a predecessor of DuPont de Nemours Inc.

Chemours shareholders can’t show misleading statements by directors left them facing “a substantial likelihood of liability,” a Delaware Chancery Court judge concluded on Monday. The company was created in large part to wall off the rest of DuPont from lawsuits over environmental harm and health risks from a class of chemicals known as PFAS.

“I find that the facts pled” in the investors’ suits don’t ...