Nip Impressions logo
Sun, Sep 23, 2018 16:03
Click here for Pulp & Paper Radio International
Subscription Central
Must reads for pulp and paper industry professionals
My Profile
Management Side
Judge tosses lawsuit claiming DuPont misled investors

DOVER, Del. (From news reports) -- A judge has dismissed a lawsuit alleging that the DuPont Co. misled investors when it spun off its performance chemicals unit into a new company called Chemours.

The judge ruled Tuesday that statements made by DuPont leading up to the 2015 spinoff were not statements of fact but forward-looking statements of expectation or opinion that are not actionable under Delaware law. The judge also said there was no evidence the statements were knowingly false or made in bad faith.

Matthew B. Mooney of Connecticut claimed he bought stock in DuPont based on the stated purpose of the spinoff, its expected effect on DuPont, and Chemours' anticipated financial prospects as a stand-alone entity.

After selling his stock at a loss, Mooney alleged that DuPont fraudulently misrepresented the spinoff's potential success.


EMPLOYMENT OPPORTUNITY: We are a large automation company that has a line of consistency transmitters, sample valves and sheet break detectors that are marketed through a rep. network. We are seeking someone with a strong background in consistency control to facilitate start-ups, provide troubleshooting and technical advice. The individual should have experience in all major types of consistency measurement technologies (blade, rotary, microwave and optical). Knowledge of sheet break detection technology is desirable as well. Willingness to travel to paper production facilities across the US is a must.

Travel & Living Expenses to be reimbursed along with an agreed upon daily per diem rate.

For more information, please contact Jim Thompson at: Ph. 678-206-6010 Cell: 404-822-3412


Jim Thompson is back again...with a new book on a taboo subject: the personalities in the pulp & paper industry. Jim has written in the past on many subjects based on his four plus decades in the worldwide pulp and paper industry. This new book is packed full of information valuable to the senior member of the industry as well as the recent entrant. A must for every pulp and paper library.

Printer-friendly format


Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: