3M Co. agreed to set aside $7.35 billion over nine years to settle long-running PFAS personal injury litigation. The settlement covers up to 120,000 plaintiffs and addresses approximately 99% of current personal injury claims related to firefighting foam containing the chemicals. Payments begin with $50 million in 2026, followed by no payments in 2027, with roughly 20% of the total funds scheduled for the final two years.
Overview of the PFAS settlement
- ▪3M Co. agreed to pay $7.35 billion over nine years to settle long-running personal injury claims related to per- and polyfluoroalkyl substances (PFAS)
- ▪The personal-injury claims against 3M Co. resolved in its $7.35 billion settlement agreement specifically relate to firefighting foam that contained PFAS chemicals
- ▪3M Co.'s $7.35 billion agreement is the latest in a series of legal settlements regarding the company's use of PFAS chemicals in its products
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