Business · Companies · 1 hr ago

3M agrees to pay $7.35 billion to settle PFAS injury claims

3M agrees to pay $7.35 billion to settle PFAS injury claims

3M agreed to pay $7.35 billion over nine years to settle personal-injury claims linked to PFAS chemicals in firefighting foam.

The claims are part of litigation in the United States, including a federal case in South Carolina.

About 115,000 to 120,000 people may be eligible to take part in the settlement.

PFAS are often called “forever chemicals,” and the agreement covers claims related to foam containing these chemicals.

The settlement addresses about 99% of current claims inside and outside the federal litigation.

It is not an admission of liability, and 3M says it will continue to defend itself if certain settlement terms are not met.

Payments are spread over nine years, with a $50 million payment planned for 2026 and none for 2027.

4 sources

Related

What people are saying

William Brown3M chairman and CEO
This settlement is a significant milestone for 3M and substantially reduces litigation uncertainty
via PR Newswire
With this, we will continue our focus on transforming the enterprise, strengthening operating rigor and delivering predictable, long-term performance.
via PR Newswire