DuPont has agreed to pay more than $50 million to settle a lawsuit based on the release of mercury from a former Virginia facility. The lawsuit was filed by the federal government and the State of Virginia, and DuPont’s settlement comes in advance of the company’s $150 billion merger with Dow Chemical at the end of this month.
This brings the total amount that DuPont has agreed to pay to settle environmental lawsuits to nearly $400 million, according to Delaware Online.
DuPont says the timing of the settlements has nothing to do with its Dow Chemical merger. But as the potential liability for even one of the lawsuits tops $1 billion, settling the case puts DuPont in a better position as it heads into the merger, the article states.