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DuPont pays $400 million to settle environmental lawsuits

WILMINGTON, Delaware (From news reports) -- DuPont has agreed to pay nearly $400 million to settle environmental lawsuits ahead of its planned merger with the Dow Chemical Co.

The Delaware-based company agreed last week to pay more than $50 million to settle a lawsuit filed by the federal government and the State of Virginia over the release of mercury from a former facility in Waynesboro, Virginia.

Earlier this year, DuPont agreed to pay $335 million to settle roughly 3,500 lawsuits connected to the release of a toxic chemical used in the production of Teflon, which was once one of DuPont's premier products.

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