This is actually GOOD for Chemours’ case. If the intent was for the liabilities to be “uncapped”, Chemours’ incorporation would have never been allowed by the State Of Delaware. DuPont intentionally defrauded the State Of Delaware into jettisoning DuPont liabilities into a spinoff (Chemours) well-knowing that Chemours may go bankrupt or insolvent within a predictable time. DuPont is in a new bag of trouble!
This is actually GOOD for Chemours’ case. If the intent was for the liabilities to be “uncapped”, Chemours’ incorporation would have never been allowed by the State Of Delaware. DuPont intentionally defrauded the State Of Delaware into jettisoning DuPont liabilities into a spinoff (Chemours) well-knowing that Chemours may go bankrupt or insolvent within a predictable time. DuPont is in a new bag of trouble!