3M to pay up to $12.5B to settle 'forever chemicals' litigation

By Associated Press

Jun 24, 2023 12:08 am

Under the proposed settlement, which must be approved by a federal court, 3M would pay to remediate public water systems that have tested positive for so-called forever chemicals, polyfluoroalkyl substances (PFAS), according to a 3M securities filing.

In exchange for payments of between $10.5 billion and $12.5 billion, plaintiffs in the class action litigation would agree to release 3M from claims over PFAS and any punitive damage awards, 3M said.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

DeepSeek's blockbuster chatbot to Chinese telecom banned from doing business in US

Nissan calls off Honda merger talks

Toyota raises full-year profit outlook by 9%

Pfizer earnings exceed estimates

Estee Lauder to cut up to 7,000 jobs

Google parent plans massive capex hike

Ferrari races to record-breaking year