Press release
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july 22, 2021 - 3m
3M and Certain Co-Defendants Resolve Hoosick Falls Class Action
Financial impact reflected in existing reserves; settlement positions company to move forward
ST. PAUL, Minn., July 21, 2021 /PRNewswire/ -- Certain parties in the Baker, et al., lawsuit, a putative class action in Hoosick Falls, New York, related to the presence of PFOA in drinking water, have reached an agreement to resolve litigation among the settling parties, including 3M. The agreement resolves claims on behalf of the proposed classes without the need for further lengthy and expensive litigation.
Through the agreement, 3M, Saint-Gobain and Honeywell will collectively contribute a fixed total amount of $65.25 million to resolve the plaintiffs' claims on behalf of themselves and the proposed classes. Individual contributions among the parties will remain confidential under the agreement. 3M's contribution to the total amount is reflected in the company's existing financial reserves for litigation contingent liabilities as previously disclosed in its quarterly report.
3M proactively manages PFAS through environmental responsibility efforts, education and research, and engaging #technology to strengthen global communities. We remain committed to working collaboratively with communities and sharing our scientific knowledge on PFAS to achieve our common goals.
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