3M to Pay $10.3 Billion to Settle , ‘Forever Chemicals’ Drinking Water Lawsuits.<br />The company made the <br />announcement on June 22, CNN reports.<br />3M has been accused of contaminating American <br />water supplies with "forever chemicals" known as polyfluoroalkyl and perfluoroalkyl substances (PFAS).<br />However, 3M, which manufactures Post-Its, Scotch Tape and other products, said its attempt to settle isn't an admission of liability. .<br />However, 3M, which manufactures Post-Its, Scotch Tape and other products, said its attempt to settle isn't an admission of liability. .<br />However, 3M, which manufactures Post-Its, Scotch Tape and other products, said its attempt to settle isn't an admission of liability. .<br />This is an important step forward for 3M, which builds on our actions that include our announced exit of PFOA and PFOS manufacturing more than 20 years ago, , Mike Roman, 3M chairman and CEO, via statement.<br />... our more recent investments in state-of-the-art water filtration technology in our chemical manufacturing operations, , Mike Roman, 3M chairman and CEO, via statement.<br />... and our announcement that we will exit all PFAS manufacturing by the end of 2025, Mike Roman, 3M chairman and CEO, via statement.<br />Chemours, DuPont and Corteva <br />also recently announced settlements <br />of over $1 billion in similar cases. .<br />3M's proposed settlement must <br />first be approved by a court.<br />If it is not, the company says it is <br />prepared to continue defending itself.<br />After announcing its intention to settle, <br />3M's stock rose over 5% after hours
