PITTSBURGH, Dec. 15 /PRNewswire/ -- DuPont shareholders today commented on a proposed EPA settlement with DuPont (NYSE:DD) by renewing their call for action at the Securities and Exchange Commission.

Yesterday, EPA announced a proposed $16.5 million settlement with DuPont over charges that the company withheld important information from the government on health and environmental risks associated with PFOA. PFOA, also known as C8, is a chemical intermediate used in the production of certain DuPont products such as Teflon and stain and grease repellants.

"Unfortunately, the settlement is not the end of DuPont's problems with these materials, but probably just the tip of the iceberg from both an environmental and financial standpoint," said Sanford Lewis, attorney representing DuPont Shareholders for Fair Value (DSFV).

Earlier this year, the Department of Justice issued a criminal subpoena to DuPont on issues related to PFOA. "Not only does the proposed settlement leave open the possibility of criminal charges against our company, but it also may foreshadow much larger hits in liability and market loss," said Lewis. Lewis noted a $5 billion consumer fraud case pending against DuPont, alleging a failure to disclose risks related to Teflon to consumers. DuPont has itself recently acknowledged that it has $1 Billion in revenues at stake in product lines associated with PFOA.

"Earlier this year, we asked the Securities and Exchange Commission (SEC) to investigate DuPont's poor disclosure to investors on these issues - several financial risks known to DuPont management that were never disclosed to investors. Now that the EPA settlement has been proposed, we're renewing our call on the SEC to closely examine the DuPont disclosure record, and to take any appropriate enforcement action," said Lewis.

Lewis also noted that the DuPont shareholders have filed a resolution for the 2006 shareholder meeting asking the management to report to shareholders on the feasibility of expeditiously eliminating all uses of PFOA. The shareholder meeting occurs late April.

Members of the DSFV coalition own at least 438,000 shares of DuPont stock. The coalition includes the United Steelworkers of America, Amalgamated Bank Long View Funds, the Sisters of Mercy Merion Regional Community in Merion, PA, and institutional investors Green Century Capital Management in Boston.

For more information on DSFV see http://www.dupontshareholdersalert.org/

Contact: Sanford Lewis 617 592-7328

Source: DuPont Shareholders for Fair Value

CONTACT: Sanford Lewis of DuPont Shareholders for Fair Value,
+1-617-592-7328