Del. Court Says DuPont Can Arbitrate Chemours Suit
By Jeff Montgomery (March 30, 2020, 5:18 PM EDT) -- Delaware's Chancery Court upheld DuPont's demand for arbitration of a dispute over Chemours' post-spinoff liability for its former parent's multibillion-dollar environmental cleanup burdens, issuing a ruling late Monday that was laser-focused on contractual obligations to arbitrate.
In a 39-page decision, Vice Chancellor Sam Glasscock III said the dispute and issues "are governed by rather straightforward application of settled law" regarding a separation agreement between the two companies, with those terms leaving him without jurisdiction.
"I find the language of the separation agreement referring arbitrability to the arbitrator controlling here. Accordingly, I have no jurisdiction to entertain this matter, and the defendants'...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!