INVISTA and DuPont Settle Lawsuits Over Engineering Polymers Technology, Adiponitrile Technology and Supply Agreements
INVISTA and DuPont announced they have signed a settlement agreement that resolves three existing lawsuits between the companies concerning polymers technology, adiponitrile (ADN) technology and disputes related to existing supply agreements.
The settlement resolves litigation over supply and technology agreements between DuPont’s Performance Polymers business and INVISTA’s Intermediates business dating back to INVISTA’s separation from DuPont and sale to subsidiaries of Koch Industries in 2004. The settlement clarifies the respective rights and obligations of the companies, forming a strong foundation for both to focus on creating long-term value for their customers and the nylon 6,6 industry.
Terms of the agreement were not disclosed.
DuPont (www.dupont.com) is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 90 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.