Replies to post #28104 on The Rising Influence of Rising Affluence

[DewDiligence]

3M +9% on the Bloomberg report:

https://www.bloomberg.com/news/articles/2023-06-02/3m-said-to-be-in-at-least-10-billion-pfas-pollution-settlement-lieqkmut

[santafe2]

This is a good move. The first trial was set to start next week.

[DewDiligence]

3M is giving back some of Friday’s 8% gain because the settlement reported by Bloomberg is apparently not yet a fait accompli:

https://www.wsj.com/articles/trial-in-litigation-over-forever-chemicals-delayed-for-settlement-talks-2cfd56da

[DewDiligence]

3M settles PFAS litigation_vs_US_municipalities_for $10.3B NPV— payable_over_13 years—(2024-2036):

https://www.sec.gov/ix?doc=/Archives/edgar/data/0000066740/000006674023000048/mmm-20230622.htm

The actual cumulative dollar amount to be paid (not discounted for NPV purposes) will be $10.5-12.5B.