California Attorney General alleges DuPont and affiliates staged asset shuffle to evade PFAS liabilities
Attorney General Rob Bonta says DuPont, its spin-offs and related firms created a hollow company to dodge billions in PFAS cleanup costs in California.
California Attorney General Rob Bonta filed a second amended complaint alleging that DuPont and several of its spin-off companies orchestrated a complex restructuring to shield assets from PFAS contamination claims. According to the filing, Old DuPont spun off Chemours in 2015, transferred its PFAS business and extracted roughly $7 billion in cash, stocks and notes, while forcing Chemours to assume the liabilities. Subsequent restructurings created New DuPont, Corteva and an independent electronics firm called Qnity, each further isolating valuable assets.
Bonta argues these moves breach the Uniform Fraudulent Transfer Act and the Uniform Voidable Transactions Act, and he asks the court to block any additional asset sales or transfers. The lawsuit, originally filed in 2022, remains active, and the new amendment was lodged in the United States District Court for the District of South Carolina. DuPont has not responded to requests for comment.
Why it matters
The case could determine whether major chemical firms can hide assets from state-led PFAS cleanup claims.
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