DuPont asset freeze

INDIANAPOLIS — An Indiana federal court issued a temporary restraining order that keeps the DuPont corporation and its sister spin-off Corteva Agriscience from selling or transferring their assets to or from a newly spun-out firm, Vylor Inc., to which they assigned their assets, but not their PFAS contamination-related liabilities. Guam and 15 states sued for constructive fraudulent transfer, and their expert has plausibly shown that DuPont immediately became insolvent after the Vylor spin-off.Read the ruling here.Subscribe to our free newslettersOur weekly newsletter Closing Arguments offers the latest about ongoing trials, major litigation and rulings in courthouses around the U.S. and the world, while the monthly Under the Lights dishes the legal dirt from Hollywood, sports, Big Tech and the arts.Additional Reads