3M to Take 5.8B Hit for PFAS Settlement
Industrial conglomerate 3M agreed to a settlement resolving most PFAS personal injury claims. The company will take a pre-tax charge of 5.8 billion dollars in the fourth quarter.
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3M Co will book a $5.8B pre-tax charge in the fourth quarter to resolve sweeping personal injury claims related to forever chemicals. The industrial conglomerate reached the broad resolution on Tuesday morning to settle persistent liabilities tied to PFAS compounds. The agreement clears 99% of active personal injury claims facing the manufacturer across the United States.
