3M and Certain Co-Defendants Resolve Hoosick Falls Class Action
Jul 27, 2021 11:12 AM ET
Legal Newswire POWERED BY LAW.COM
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.
At 3M, we apply science in collaborative ways to improve lives daily as our employees connect with customers all around the world. Learn more about 3M's creative solutions to global challenges at www.3M.com or on Twitter @3M or @3MNews.
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