DuPont and Chemours Co have agreed to pay $671 million in cash to settle thousands of lawsuits involving a leak of a toxic chemical used to make Teflon, the companies said on Monday.
Shares of Chemours jumped 13 percent. The company said it would pay half of the settlement, although liability for litigation connected with the chemical was passed onto it when DuPont spun it off in 2015.
In addition, Jefferies analyst Alexander Laurence said the liability was $300 million below Wall Street estimates, and DuPont shares rose 1 percent.
DuPont settles lawsuits over leak of chemical used to make Teflon
Large swaths of Central Oregon have become consumed by wildfire, with several blazes burning across the...
At least 40 million people were under extreme heat warnings across central and southern parts of...
A tornado struck north-eastern Wisconsin on Monday, blackening the midday sky and sending workers sheltering in...
