Court TRO bars Corteva dividends, buybacks and non-ordinary asset sales after 15 states sue over Vylor spinoff

Corteva, Inc.

• 15 states and one sovereign sued in the U.S. District Court for the Southern District of Indiana on Oct 1, 2026, challenging Corteva's separation from Vylor Inc. and seeking injunctive relief.
• Oct 9 TRO temporarily enjoins Corteva and EIDP from asset disposals outside the ordinary course and bars both companies from paying dividends or repurchasing common shares.
• District Court stayed the Order on Oct 10, 2026 pending Corteva's emergency motion to the Seventh Circuit; the Order is not in effect during appellate review.
• Corteva, Vylor and EIDP filed a notice of appeal with the U.S. Court of Appeals for the Seventh Circuit; the appeal and the motion remain pending.
• Separation from Vylor completed Oct 1, 2026 and is unaffected; Corteva represented it does not intend to declare dividends or repurchase shares while the motion pends.