Legal
3M Is in at Least $10 Billion Forever-Chemicals Pollution Settlement
- Tentative pact with water providers would avoid imminent trial
- Tainted-water settlement part of $143 billion potential hit
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3M Co. struck a tentative settlement of at least $10 billion over water pollution claims tied to “forever chemicals,” according to people familiar with the proposed accord, the largest PFAS pact in the US and one of the biggest mass tort deals ever.
3M, the No. 1 maker of per-and polyfluoroalkyl substances, is weighing the deal to head off its first federal trial over the waterproofing agent, set to start June 5 in Charleston, South Carolina, said the people, who asked not to be named discussing the matter because it is private. The judge in Charleston is overseeing the consolidation of about 4,000 PFAS-linked lawsuits.