February 13, 2017 / 11:10 AM / 9 months ago

BRIEF-Dupont reaches global settlement of multi-district PFOA litigation

Feb 13 (Reuters) - E I Du Pont De Nemours and Co :

* Dupont reaches global settlement of multi-district PFOA litigation

* Dupont - total settlement amount is $670.7 million in cash

* Dupont- for a period of five years, Chemours would annually pay PFOA liabilities outside settlement up to $25 million

* Dupont - co and plaintiffs’ jointly agreed to a settlement in principle of MDL involving about 3,550 lawsuits related to PFOA personal injury claims

* Dupont - settlement encompasses all claims pending in MDL, including those matters for which jury verdicts have been rendered

* Dupont - Chemours has also agreed it will not contest its liability to Dupont under separation agreement for PFOA costs

* Dupont - half of the total settlement amount will be paid by Chemours and half paid by Dupont Source text for Eikon: Further company coverage:

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