A jury awarded $500,000 in punitive damages to an Ohio man who sued DuPont Co. (DD), alleging that he developed cancer because the company discharged the C-8 chemical into the Ohio River, Bloomberg News reported Friday.

On Wednesday, after the jury awarded him $5.1 million in compensatory damages, DuPont spinoff Chemours Co. (CC) said the verdict would be appealed.

According to the Bloomberg report, an attorney for the plaintiff argued Thursday that DuPont should pay punitive damages far above the $5.1 million verdict.

Chemours shares were up 16% to $7.62 on Friday. DuPont rose 2.5% to $63.49.

Full story at http://www.bloomberg.com/news/articles/2016-07-08/dupont-must-pay-500-000-in-punitive-damages-for-man-s-cancer

Write to nymonitoring@dowjones.com

(END) Dow Jones Newswires

July 08, 2016 14:12 ET (18:12 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
DuPont de Nemours (NYSE:DD)
Historical Stock Chart
Von Jun 2024 bis Jul 2024 Click Here for more DuPont de Nemours Charts.
DuPont de Nemours (NYSE:DD)
Historical Stock Chart
Von Jul 2023 bis Jul 2024 Click Here for more DuPont de Nemours Charts.