3M Co has struck a tentative settlement of at least $10 billion with a host of U.S. cities and towns to resolve water pollution claims tied to 'forever chemicals,' Bloomberg News reported on Friday, citing people familiar with the matter.
The 3M logo is seen at its global headquarters in Maplewood, Minnesota, U.S. on March 4, 2020. The company has been contracted by the U.S. government to produce extra masks in response to the country's novel coronavirus outbreak. REUTERS/Nicholas Pfos/File Photohas struck a tentative settlement of at least $10 billion with a host of U.S.
3M was scheduled to face trial on Monday against the City of Stuart, Florida. It was not immediately clear whether the trial will proceed. 3M has said in court documents that PFAS have not been linked with health problems at the levels being discovered in drinking water. 3M in December set a 2025 deadline to stop producing PFAS - used in everything from cell phones to semiconductors - amid increasing legal scrutiny on the substances that are commonly called “forever chemicals” because they do not easily break down in the human body or environment.
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3M reaches tentative pollution settlement of at least $10 billion, Bloomberg reports3M Co has struck a tentative settlement of at least $10 billion with a host of U.S. cities and towns to resolve water pollution claims tied to 'forever chemicals', Bloomberg News reported on Friday, citing people familiar with the matter.
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