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Chemours (NYSE:CC) -2.1% in Wednesday’s trading as a Dutch court ruled the company is liable for environmental damage in the Netherlands caused by PFAS chemicals from 1984 through at least 1998.
The court ruled Chemours (CC) complied with its permit before July 1984, but since that point the company should have better informed the towns surrounding its chemical plant in Dordrecht.
The court will decide at a later ruling whether Chemours (CC) also is liable for environmental damage in the region after 1998.
The lawsuit was brought by Dordrecht and three other towns in 2021, who said the company knew about the dangers of PFAS.
PFAS – dubbed “forever chemicals” because they do not easily break down – have been linked to cancer and hormonal dysfunction.
