Mid-Ohio Valley residents note failed attempt by DuPont to shirk responsibility to C-8 victims, raise new questions about disclosure of liabilities
PARKERSBURG, WV – In a federal court order issued Monday, Chief Judge Edmund A. Sargus, Jr. of the U.S. District Court for the Southern District of Ohio denied a motion by DuPont intended to severely reduce the company’s obligations to compensate victims of C-8 contamination.
DuPont’s motion sought to allow the company to backtrack on its promise to honor the findings of the C-8 Science Panel, which identified a probable link between C-8 and six diseases including kidney cancer, testicular cancer, thyroid disease, ulcerative colitis, high cholesterol, and pregnancy-induced high blood pressure.
“It is shocking that DuPont continues to try to break its promises to mid-Ohio Valley communities,” stated Keep Your Promises advisor Joe Kiger. “DuPont is pouring resources into debating legal questions that were settled over a decade ago. Meanwhile, DuPont’s victims continue to suffer without compensation.”
Chief Judge Sargus’s decision follows last month’s Keep Your Promises investor briefing, which highlighted the gross understatement of liabilities in Chemours’ Form 10 submission to the SEC. This decision, which maintains DuPont’s responsibility for significant C-8-related liabilities, raises new questions about the company’s Form 10 disclosure.
“Given Judge Sargus’s decision this week, DuPont had better estimate the C-8 liabilities again, because their liabilities are now more likely to be greater than what they anticipated,” continued Kiger. “Investors and regulators should take a second look at the company’s disclosures in light of Monday’s decision.”