3M is nearing a settlement with scores of cities and water agencies over firefighting foam made with PFAS, the "forever chemicals" that have tainted groundwater across the country.
3M and plaintiffs' lawyers Sunday asked that a big trial scheduled to start Monday in Charleston, S.C., be delayed while mediation continues. U.S. District Court Judge Richard Gergel Monday granted a motion for the trial's continuance.
"Counsel for the plaintiff and counsel for 3M Co. have been in serious settlement discussions to reach a global resolution of the claims of the water district plaintiffs pending against 3M," Gergel wrote in an order Monday.
"The parties informed the court last evening that they have reached a stage in those discussions where they believe a final binding agreement is achievable in the near future."
Both 3M and plaintiffs' lawyers told the court Sunday "that they believe their time could be more effectively spent finalizing the agreement and obtaining the necessary approvals rather than commencing the trial of this case."
Last week, DuPont de Nemours Inc., Chemours Co. and DuPont spinoff Corteva Inc. agreed to a $1.2 billion settlement before the trial, which pits over 3,000 plaintiffs — including cities, towns and public water agencies — against several firefighting foam manufacturers.
Maplewood-based 3M was the largest of those foam makers, and any settlement is expected to be several times higher than the DuPont agreement. Bloomberg News, citing unnamed sources, Friday reported that a 3M settlement could be at least $10 billion.
3M faces a flood of lawsuits — and potentially tens of billions of dollars in liabilities — over myriad consumer and industrial products that contained PFAS, an acronym for per- and polyfluoroalkyl substances.