A stockholder for the Chemours Co. alleged in a federal complaint Monday the company has misrepresented an estimated $2.46 billion in environmental liabilities since it was created.
The 91-page complaint, filed in the District of Delaware, alleges the liabilities’ magnitude means Chemours’ directors and officers have known the company was insolvent since it was spun off from DuPont in 2015, making that spinoff illegal under Delaware law.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]