--3M has reached a tentative settlement worth at least $10 billion with several U.S. cities and towns to resolve water-pollution claims related to per-and polyfluoroalkyl chemicals, Bloomberg reported Friday, citing people familiar with the matter.

--The company's settlement aims to avoid a first federal court trial set to start on June 5 in Charleston, S.C., according to the report.

--3M spokesman Sean Lynch said in a statement that the company "doesn't comment on rumors or speculation," Bloomberg reported.

 

Full article at https://news.bloomberglaw.com/environment-and-energy/3m-said-to-be-in-at-least-10-billion-pfas-pollution-settlement-1

 

Write to sabela.ojea@wsj.com

 

(END) Dow Jones Newswires

June 02, 2023 12:34 ET (16:34 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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