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DuPont News, March 28, 2008

DuPont: INVISTA Allegations are 'Grossly Exaggerated'

DuPont has said it will "vigorously defend" itself against "grossly exaggerated" contract allegations made in a complaint filed by INVISTA in U.S. federal court in the Southern District of New York on Wednesday.  The allegations relate to DuPont's compliance with environmental, safety and health laws at a number of manufacturing facilities that were part of the sale of INVISTA, formerly DuPont Textiles & Interiors, to subsidiaries of Koch Industries in April 2004.

“INVISTA’s allegations lack merit and cannot be supported by evidence or the law," said DuPont General Counsel Stacey Mobley. "DuPont intends to vigorously defend itself against INVISTA’s grossly exaggerated and misguided allegations, and is confident that it will be vindicated when all of the evidence is examined in a court of law."

 
 Stacey Mobley
“INVISTA’s allegations are based purely on a contract dispute – plain and simple," Stacey said.  "Not a single person was injured or placed at unreasonable risk in connection with any of INVISTA’s indemnification claims.  Instead, four years after subsidiaries of Koch Industries acquired the facilities at issue from DuPont, INVISTA’s current allegations appear to be opportunistic efforts, including funding for INVISTA’s production capacity expansions and other earmarked capital improvement projects." 

“DuPont is recognized as a global leader in workplace safety and voluntary environmental footprint reduction, going beyond regulatory requirements and pursuing a ‘goal of zero’ safety and environmental incidents," Stacey said.  "DuPont has an established track record of working openly and cooperatively with the multitude of agencies that oversee compliance at its global operations.  During its ownership of the facilities at issue, DuPont invested tens of millions of dollars on environmental projects, upgrades and retrofits, and on hundreds of health and safety upgrade and improvement projects.”