Corteva faces lawsuit by 15 states, sovereign challenging Vylor separation
CTVA•A lawsuit filed Oct. 1 by 15 states and a sovereign seeks to block Corteva’s separation of Vylor into two public companies. A temporary restraining order barring certain asset disposals, dividends and share repurchases was stayed Oct. 10 pending review by the Seventh Circuit.
1. Lawsuit challenges separation
Litigation filed Oct. 1, 2026, in the Southern District of Indiana seeks to block the Corteva-Vylor separation into two public companies. The separation was completed that day.
2. Court order and appeal
A temporary restraining order issued Oct. 9 bars asset disposals outside the ordinary course without court approval and also bars dividends or share repurchases. The district court stayed the order Oct. 10 pending Seventh Circuit review. A notice of appeal was filed, and an emergency stay motion remains pending. Corteva represented that it will not declare dividends or repurchase shares during appellate review.
