Reply To: Traders Market Weekly: From Russia with Love


3M’s $12.5 billion agreement to settle PFAS claims with 300 cities puts it among the largest liability settlements ever proposed or finalized. The cities claimed firefighting foam made with PFAS contaminated drinking water and posed health risks. 3M has disputed those claims.

Product or company Amount
Tobacco $206 billion
Asbestos $200 billion*
Opioids At least $50 billion
BP $20.8 billion
Bayer $16 billion**
Volkswagen $14.7 billion
3M $12.5 billion**
Johnson & Johnson $8.9 billion**
Enron $7.2 billion
Visa/Mastercard $6.5 billion

*Estimate from Tillinghast-Towers Perrin
**Proposed or set aside