3M Settles PFAS Contamination Litigation for Up to $12.5B - Modern Distribution Management

3M Settles PFAS Contamination Litigation for Up to $12.5B

3M will pay up to settle a lawsuit claiming the chemicals in the firefighting foam provided to them contaminated drinking water.
3M

3M will pay up to $12.5 billion to settle an environmental lawsuit brought by cities that claimed the chemicals in the firefighting foam provided to them contaminated drinking water.

On June 22, 3M announced that the settlement will provide funding to public water suppliers nationwide that have detected PFAS in drinking water and other public water suppliers that may detect the chemicals in the future, for treatment technologies.

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 will pay between $10.5 billion and $12.5 billion. 

3M will exit PFAS manufacturing by 2025, said 3M Chairman and CEO Mike Roman in a news release. 

“About 300 municipalities, from Philadelphia to San Diego, say PFAS chemicals in firefighting foam leached into drinking water,” WSJ reported. “Cities have sued 3M and other companies to recoup the costs of installing treatment systems.”

PFAS (per-and polyfluoroalkyl substances) are chemicals that resist grease, oil, water and heat. They are used in hundreds of products including stain- and water-resistant fabrics and carpeting, cleaning products, paints and firefighting foams. The strong carbon-fluorine bond of the chemical does not degrade easily, according to the Food and Drug Administration

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!