Sixteen states have brought the Corteva Vylor lawsuit in an Indiana state court, accusing the agriscience company of shifting assets to a new spinoff to avoid potential liabilities tied to PFAS contamination.
Corteva Vylor lawsuit targets alleged asset transfer
According to filings in Marion County, Indiana, the complaint alleges Corteva moved billions of dollars in assets to Vylor, its newly launched seed and genetics spinoff, while leaving behind prospective PFAS-related liabilities associated with its former parent, DuPont. Corteva was formed in 2019 following the merger of DuPont and Dow Chemical.
The Indiana Attorney General’s Office said the restructuring could complicate efforts by states to recover damages for PFAS contamination.
In a statement, Corteva said the case is without merit and relies on faulty assertions, adding that several of the claims have previously been rejected in district court. The company said it is confident in its position and intends to defend itself.
States participating in the suit include Alaska, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Mexico, Oregon, Pennsylvania, Rhode Island, Tennessee, Texas, Vermont, and Washington.
The complaint was filed the same day Corteva formally launched Vylor.