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BASF SE Message Board

  • funfundvierzig funfundvierzig Aug 30, 2013 12:36 PM Flag

    Caveat Emptor! HUGE Legal Legacy-- DuPont Performance Chemicals!

    Buyer of DuPont Chemicals Unit Will Face Massive Legal Legacy Costs!

    Good Evening, Bonsoir, Guten Abend, Ni Hao,

    Readers, DuPont Chieftess, Ms. Cull-Men, seems to be frantic to cull out any vestige of chemicals and chemical-based materials from what used to be the largest and most prestigious chemical enterprise on the planet, a role now firmly occupied by BASF. Any potential buyer should intensely and extensively study the buried legal legacy of the Company's chemicals:

    * Pending in the federal and state courts are tens of thousands of claims for tree losses caused by DuPont's consumer product fraud, DuPont Imprelis, a dandelion lawn treatment masking an extremely efficacious toxic tree-killer. We believe those litigation settlement costs may ultimately top $2 billion or more!

    * Lurking are hundreds of $millions required to be expended for medical monitoring ($235 million) and the settlement of scores of individual lawsuits pertaining to DuPont's pollution and cover-up of the extraordinarily toxic, cancer-causing Teflon chemical, C8.

    * Nearly one-third of the new car market is now off-limits for the potentially explosive and dangerous DuPont Kullman Koolant (DuPont/Honeywell HFO-1234yf) for car A/C, as Daimler, VW, BMW, and Toyota reject this highly questionable refrigerant touted as "a great DuPont innovation" by DuPont's big bosses.

    * Latent environmental illegalities endemic to DuPont's run-down chemical plants, such as acid factories, which have been repeatedly cited over the years.

    * Unknown price-fixing, unlawful misconduct for which DuPont has a long documented history.

    Caveat Emptor, indeed!

    Merely the evening commentary and opinion of one individual investor and long-time student of the devolving
    and deceptive DuPont...funfun..

 
BASFY
102.90-0.02(-0.02%)Aug 29 3:48 PMEDT

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