3M's $10 Billion PFAS Payout Is Just The Tip of the Iceberg - TIME

Jun 23, 2023 · Yesterday, 3M got out from under some of that legal trouble, agreeing to pay $10.3 billion to at least 300 plaintiff communities. Those 300 were included in a lawsuit brought by …

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3M's $10 Billion PFAS Payout Is Just The Tip Of The Iceberg - TIME

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Jun 23, 2023 · Yesterday, 3M got out from under some of that legal trouble, agreeing to pay $10.3 billion to at least 300 plaintiff communities. Those 300 were included in a lawsuit brought by …

time.com

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3M Reaches $10.3 Billion Settlement Over Contamination Of Water …

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Jun 23, 2023 · Chemical manufacturer 3M has agreed to pay at least $10.3 billion to settle lawsuits over contamination of many U.S ... one of about 300 communities that have filed …

apnews.com

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3M PFAS Settlement: Company Agrees To Pay $10.3B To Settle …

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Found in clothing, rainwear, furniture, outdoor equipment, tape, and cosmetics, PFAS are also often used in food packaging including pizza boxes and fast-food wrappers to minimize grease from leaking. They are also used in electronics, medical equipment and some renewable technologies. The military has used them in foams to help douse fires that in...

usatoday.com

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3M To Pay At Least $10B In ‘forever Chemicals’ Settlement

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Jun 23, 2023 · Chemical giant 3M reached a $10.3 billion settlement over allegations it contaminated public water supplies across the U.S. with PFAS, the company announced …

manufacturingdive.com

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3M Pays $10.3B To Settle PFAS Related Lawsuit - Benzinga

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Jun 23, 2023 · 3M Co (NYSE: MMM) reached a lawsuit settlement deal of $10.3 billion, payable over 13 years, with several U.S.-based public water suppliers ... 3M Pays $10.3B To Settle …

benzinga.com

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3M Agrees US$10.3B Settlement Over PFAS Contamination Lawsuits …

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26 Jun 2023 --- US-based manufacturing giant 3M has agreed to a payout of up to US$10.3 billion to provide public funding for water supplies contaminated with PFAS. The conglomerate …

packaginginsights.com

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3M Agrees To $10.3 Billion PFAS Settlement | C&EN Global Enterprise

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Jul 3, 2023 · 3M has reached a tentative agreement to resolve about 4,000 lawsuits filed by public water utilities across the US over contamination of tap water with per- and polyfluoroalkyl …

acs.org

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3M Settles PFAS Contamination Litigation For Up To $12.5B

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Jan 2, 2025 · Under the settlement terms, 3M said it has agreed to contribute up to a present value of $10.3 billion, payable over 13 years. The Wall Street Journal reported the company …

mdm.com

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3M Resolves PFAS Remediation With $10.3 Billion Settlement

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Jun 26, 2023 · Under the terms of the settlement, 3M has agreed to contribute up to a present value of $10.3 billion, payable over 13 years. 3M expects to record a pre-tax charge of …

specialchem.com

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3M's $10.3 Billion PFAS Settlement Gets Preliminary Approval

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Aug 29, 2023 · 3M on Tuesday secured preliminary approval for a $10.3 billion deal resolving claims by U.S. public water providers that the company polluted drinking water with toxic …

reuters.com

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3M Settles 'forever Chemicals' Water Pollution Lawsuit For $10B

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Jun 23, 2023 · Chemicals manufacturer 3M announced that it has reached a $10.3 billion settlement with U.S. public water suppliers that have detected PFAs – known as "forever …

foxbusiness.com

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Judge Grants Final Approval To 3M's PFAS Settlement, Cites 'Lack …

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Apr 2, 2024 · News Judge Grants Final Approval to 3M's PFAS Settlement, Cites 'Lack of Substantive Opposition' Under the deal, 3M will provide at least $10.5 billion but could pay up …

law.com

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3M PFAS Lawsuits Cost Billions. Insurance Giant AIG Doesn't Want …

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6 days ago · The Brief. 3M faces thousands of lawsuits around the world related to PFAS chemicals. The company has already agreed to pay nearly $14 billion in settlements, including …

yahoo.com

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3M Settles Water Contamination Lawsuits With $10.3B Payout

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Jun 23, 2023 · Chemical manufacturing company 3M agreed to settle multiple lawsuits with a $10.3 billion payout over the U.S. water supply being allegedly contaminated with "forever …

justthenews.com

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Where Will 3M Stock Be In 3 Years? | The Motley Fool

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3M has already agreed to pay $14 billion in PFAS settlements so far, but the insurance giant AIG (AIG 2.47%) recently sued 3M and is refusing to cover any of those payments. 3M also needs …

fool.com

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Where Will 3M Stock Be In 3 Years? - Yahoo Finance

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1 day ago · 3M has already agreed to pay $14 billion in PFAS ... cover any of those payments. 3M also needs to pay another $6 billion settlement from 2023 to 2029 related to a recall of its ...

yahoo.com

FAQs about 3M's $10 Billion PFAS Payout Is Just The Tip of the Iceberg - TIME Coupon?

Will 3M pay PFAS settlements?

3M has already agreed to pay $14 billion in PFAS settlements so far, but the insurance giant AIG (AIG 2.47%) recently sued 3M and is refusing to cover any of those payments. 3M also needs to pay another $6 billion settlement from 2023 to 2029 related to a recall of its defective earplugs. ...

Will 3M get a $10.3 billion MDL settlement?

But 3M is unlikely to skate away on the $10.3 billion settlement alone. Nor will DuPont and two of its spinoff companies, Chemours and Corteva, which, on June 2, reached a much more modest $1.185 billion settlement with another 300 drinking water providers. More than 3,000 claims remain unsettled in the South Carolina MDL. ...

Will 3M pay $10.3 billion to settle a water pollution lawsuit?

(AP Photo/Joshua A. Bickel, File) TRAVERSE CITY, Mich. (AP) — Chemical manufacturer 3M Co. will pay at least $10.3 billion to settle lawsuits over contamination of many U.S. public drinking water systems with potentially harmful compounds used in firefighting foam and a host of consumer products, the company said Thursday. ...

Will 3m move a PFAS lawsuit to a federal court?

3M is petitioning to move the case to a federal court in South Carolina, which could be decided later this month. Insurance company AIG filed a lawsuit against Minnesota-based manufacturer 3M to avoid paying for thousands of lawsuits related to 3M’s production and dumping of PFAS chemicals. ...

What is the phasing of a 3m settlement?

On page 811 (!) of the pdf there's a handy table that outlines the phasing of the payments due. investors.3m.com/... At a minimum (floor) - around 65% of the settlement is due before April 2027. This is over $6.8 billion. 2022 Free cash flow was $3.8 billion, dividends paid were $3.4 billion. ...

Did 3M sell PFAS?

Summy’s legal firm Baron & Budd said "lawsuits allege that 3M and several other companies manufactured and/or sold products containing PFAS, despite being aware of the chemicals’ propensity to contaminate the environment and pose potential health risks to humans, including the development of cancers." ...