DuPont
DuPont
The historical DuPont corporation -- known in court records as "Old DuPont" -- has parked roughly $20 billion in two “paper companies” (which have no employees, offices or equipment) to shield those assets from legal liability, a lawyer for the North Carolina Attorney General argued before the state Supreme Court today.
...Spinoff company's bombshell court filings say DuPont used cutthroat methods to dodge costs of cleaning up dangerous chemicals DuPont could have permanently stopped discharging perfluorinated compounds – PFAS – from its Fayetteville Works plant into the Cape Fear River nine years ago, but decided against it in order to foist the liability onto a spinoff company, court documents allege.
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