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

TRAVERSE CITY, Mich. -- 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.

Did 3M contaminate drinking water?

The chemical and manufacturing giant 3M reached a $10.3 billion settlement on Thursday with U.S. cities and towns over their claims that the company contaminated drinking water with so-called forever chemicals used in everything from firefighting foam to nonstick coatings.

Will 3M settle PFAS lawsuit?

Chemical manufacturer 3M has agreed to pay at least $10.3 billion to settle lawsuits over contamination of many U.S. public drinking water systems with potentially harmful compounds known as PFAS

What's going on with 3M?

The latest report on U.S. economic growth and comments from Fed Chair Jerome Powell are also scheduled. Photo: Justin Sullivan 3M said a more than $10 billion settlement to resolve contamination claims related to so-called forever chemicals showed progress in the company’s efforts to resolve waves of litigation that have weighed on its stock.