Corteva Categorically Rejects Unfounded, Unprecedented Allegations by State Attorneys General

Rhea-AI Summary

Market Context

The -1.61% reaction to Corteva's September 14 approval of the Vylor distribution provided a recent m...

Analysis

The -1.61% reaction to Corteva's September 14 approval of the Vylor distribution provided a recent market reference for the same separation; this statement addressed the States' attempt to prevent that transaction based on alleged PFAS liabilities.

Historical Context

1 past event · Latest: Sep 14

1 event

1. Sep 14

   Separation approval

   24h Move

   -1.6%

   Board approved Vylor distribution effective October 1, with September 24 record date.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

pfas, pfoa, pfos

3 terms

pfas regulatory

"stop it on the basis of alleged PFAS liabilities"

PFAS are a group of human-made chemicals used in many everyday products, such as non-stick cookware, water-repellent clothing, and food packaging, because they resist heat, water, and grease. They are often called "forever chemicals" because they do not break down easily in the environment or the human body, potentially leading to health concerns. For investors, the presence of PFAS-related risks can impact companies’ reputations, legal liabilities, and future costs.

pfoa technical

"Corteva has never made, sold or traded PFOA or PFOS products"

Perfluorooctanoic acid (PFOA) is a long-lasting industrial chemical once widely used to make materials water- and stain-resistant; it persists in the environment and can accumulate in people and wildlife, with studies linking it to health risks. Investors should care because regulatory limits, cleanup obligations, product recalls and lawsuits related to persistent chemicals can create large, unpredictable costs and reputational damage for companies — like a slow-moving debt that can suddenly require major payouts.

pfos technical

"Corteva has never made, sold or traded PFOA or PFOS products"

PFOS (perfluorooctane sulfonate) is a long-lasting industrial chemical once used for water-, stain- and grease-repellent coatings and firefighting foams; it does not break down easily in the environment or the body. Investors care because PFOS can trigger strict regulations, cleanup obligations, product bans and lawsuits that create large, sometimes unexpected costs and reputational damage for companies in affected industries—similar to finding a hidden, persistent leak that requires expensive repairs and legal bills.

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Future crop protection company will be a strongly capitalized market leader with compelling value proposition for farmers, shareholders

INDIANAPOLIS, Sept. 14, 2026 /PRNewswire/ -- Corteva, Inc. (NYSE: CTVA) categorically rejects the attempt by a number of State Attorneys General to prevent Corteva's planned separation.  The planned separation of the company will result in the creation of two companies built to lead their respective industries. The crop protection company, which will retain the Corteva brand, will be an innovation-driven market leader at a time when innovative, safe, effective crop protection has never been more needed by farmers fighting intensifying pest, disease and weed pressures that rob yield and threaten food security.

Corteva will vigorously defend its planned separation against the attempt by the State Attorneys General to stop it on the basis of alleged PFAS liabilities. The underlying claims on which this extraordinary relief is sought are speculative and unproven, relying on novel legal theories and groundless assumptions. California and the other States petitioning for this relief do not have judgments against Corteva. They do not even have trials scheduled against Corteva related to PFAS liability.

Moreover, in its seven-year history, Corteva has never made, sold or traded PFOA or PFOS products. Corteva's balance sheet will be well-equipped to cover any liability it might face.

"As we've stated from the beginning, our planned separation is an acknowledgement that our two businesses have different business models and will better deliver for farmers separately than they do together – meaning that the separation should result in stronger companies built for growth," said Corteva Chief Legal Officer Jennifer Johnson. "Corteva neither has nor has demonstrated any intent to hinder, delay, or defraud our creditors."

"Companies need flexibility to engage in transactions like this to continue to innovate and generate value for their customers and shareholders," said Johnson. "States are seeking extraordinary and, we believe, unprecedented relief, and in doing so, they are asking the court to supplant the judgment of our Board of Directors as well as our senior management team. We firmly believe the separation is in the best interest of our stakeholders and empowers each company to pursue its ideal strategy to enhance shareholder value.  We will vigorously defend our ability to make decisions about our own company, including its separation, in every way possible."

About Corteva
Corteva, Inc. (NYSE: CTVA) is a global pure-play agriculture company that combines industry-leading innovation, high-touch customer engagement and operational execution to profitably deliver solutions for the world's most pressing agriculture challenges. Corteva generates advantaged market preference through its unique distribution strategy, together with its balanced and globally diverse mix of seed and crop protection products. With some of the most recognized brands in agriculture and a technology pipeline well positioned to drive growth, the Company is committed to maximizing productivity for farmers, while working with stakeholders throughout the food system as it fulfills its promise to enrich the lives of those who produce and those who consume, ensuring progress for generations to come. More information can be found at www.corteva.com.

Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain forward-looking statements. Words such as "believe," "will," "plan," "may," "expect," "see," and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. Examples of forward-looking statements include, but are not limited to, Corteva's intent to separate and its related expectations for Corteva and Vylor. These forward-looking statements reflect management's current expectations and are not guarantees of future performance and are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond Corteva's and Vylor's control.

Important factors that may affect Corteva's or Vylor's respective businesses and operations and that may cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, whether the objectives of the separation will be achieved; the terms, structure, benefits and costs of any action or transaction resulting from the separation; the timing of any such separation or related action and whether any such separation will be consummated at all; the risk that the announcement of the intended separation could have an adverse effect on the ability of Corteva or Vylor to retain and hire key personnel and maintain relationships with customers, suppliers, employees, shareholders and other business relationships and on its operating results and business generally; the risk the separation could divert the attention and time of each company's management; the risk of any unexpected costs or expenses resulting from the separation process or separation itself; and the risk of any litigation relating to the separation, as well as the risks and uncertainties described in Corteva's and Vylor's risk factors, as they may be amended from time to time, set forth in their respective filings with the U.S. Securities and Exchange Commission. Corteva and Vylor disclaim and do not undertake any obligation to update, revise, or withdraw any forward-looking statement in this press release, except as required by applicable law or regulation.

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SOURCE Corteva Agriscience