Citron Research, a Wall Street analysis firm, published a report on 2 June 2016 stating that it believes Chemours was 'designed for bankruptcy'. The research firm alleges that the chemical company's legal liabilities and debts are the big problems, which its former owners wanted to shed.
Lawsuits and Liabilities
The Citron Research report alleges Chemours is $4 billion in debt which is putting the refrigerant manufacturer under pressure with its finances. Chemours' share price has plummeted from US$20.85 in July 2015 to US$8.45 in early June 2016.
Chemours Fights Back
Since being spun off from DuPont, Chemours' management team has been cutting costs and investing in refrigerant production initiatives to improve its profitability, amongst other investments. It aims to cut costs by a further $200 million in 2016.