Keep Your Promises DuPont announced that it plans to pursue litigation
“For several months now, and most recently in letters to directors and officers, we have stated repeatedly that DuPont and Chemours are exhibiting an egregious lack of transparency that endangers all stakeholders,” stated Harold Bock of Keep Your Promises DuPont. “After DuPont’s and Chemours’ repeated dismissals of our concerns, we have examined our options and believe that it is time to seek legal remedies to hold these companies and their officers and directors responsible for their egregious misconduct. We are excited to embark on this next phase with the prestigious Levin Papantonio law firm.”
Keep Your Promises DuPont believes that the recent announcement by Chemours regarding the enhanced indemnification for their Officers and Directors, as well as DuPont’s reported forgiveness of $190 million in debt, highlights the potential exposure of the Directors and Officers to the breach of their fiduciary responsibilities.
Levin Papantonio is one of the most successful law firms in the country, pursuing national litigation involving prescription drugs, medical devices, business litigation, securities fraud, and class actions against multi-billion dollar corporations. The firm’s attorneys have been featured in numerous national news programs and magazines such as CNN, Fox, ABC, CBS, NBC, The Wall Street Journal, Time magazine, Forbes magazine, US magazine, and The National Law Journal.
“It is inconceivable to me that DuPont, having overseen a failed spinoff of its chemicals division and without cleaning up the environmental catastrophe it caused, would embark on a risky merger with Dow Chemical,” stated Mike Papantonio, a senior partner of Levin Papantonio. “These actions show no conscience and no regard for basic human decency.”
“DuPont’s failure to take serious steps towards remediating the damages it has caused to innocent communities has gone on far too long, and those who are affected by this misconduct deserve better treatment,” stated Bock. “We believe that stakeholders will support our and Levin Papantonio’s efforts to seek appropriate legal remedies to hold DuPont accountable.”