3M has agreed to pay up to $7.35 billion over nine years to settle claims from as many as 120,000 people who say they were sickened by PFAS-contaminated groundwater near military bases, airports and other locations where firefighting foam was used. The Associated Press reports that 3M "did not admit liability," noting that the settlement comes on top of the more than $10 billion the company previously agreed to pay U.S. public drinking water systems over PFAS contamination. From the report: 3M chairman William Brown called the settlement a "significant milestone" that substantially reduces uncertainty from the litigation. [...] Fred Thompson, an attorney with the Motley Rice law firm that helped negotiate the 3M settlement for the plaintiffs, called it welcome news for "the thousands of victims who have sought answers and accountability for nearly a decade." He said in a news release that the plaintiffs urgently need help covering mounting medical bills and other costs.

Under the terms of the settlement, the payouts will begin with $50 million this year, followed by yearly payments of more than $1 billion each year from 2028 to 2033. 3M could make additional payments if enough plaintiffs participate. If too few sign on, 3M has the option to cancel the settlement and continue fighting the lawsuit.

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