DuPont, Invista Settle $744M Suit Over Enviro Violations

Law360, New York (June 29, 2012, 10:54 PM EDT) -- DuPont Co. and Koch Industries Inc. unit Invista Co. on Friday agreed to settle their $744M contract dispute stemming from Dupont’s sale of its textiles and interiors business, allegedly saddled with environmental violations, to the polymer developer in April 2004.

The firms, which had butted heads in trial that began June 4, arguing whether DuPont knowingly had sold businesses that allegedly required expensive upgrades in order to comply with U.S. Environmental Protection Agency regulations, announced their settlement in a statement Friday, saying only that details of...
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