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Regulation

3M To Pay $7,350,000,000 To Settle Injury Claims Over ‘Forever Chemicals’ in Firefighting Foam

Image: The Daily Hodl

Manufacturing giant 3M has agreed to pay billions of dollars to resolve most of the personal injury claims tied to “forever chemicals” in firefighting foam. The company says it will make a $7.35 billion commitment over nine years, with a present value of $5.8 billion, to settle claims in the Aqueous Film-Forming Foam (AFFF) multidistrict litigation in South Carolina federal court. Forever chemicals, known as PFAS, linger in the environment instead of breaking down and have been linked to health problems including cancer, reports The Hill. 3M says the deal addresses about 99% of current personal injury claims inside and outside the multidistrict litigation and involves about 115,000 to 120,000 eligible plaintiffs.

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