3M to Pay Up to $12.5 Billion to Settle PFAS Water Lawsuits (2)

3M Co. has agreed to pay as much as $12.5 billion over 13 years to resolve claims that so-called forever chemicals it manufactured for decades polluted drinking water supplies across the US.

The deal announced Thursday resolves current and future claims by municipal water authorities over per-and polyfluoroalkyl substances, known as PFAS. The chemicals were used in a variety of products, though claims over water pollution have focused on PFAS-containing foams used to extinguish fires at military bases and airports.

3M rose as much a 5.1% after normal trading hours following. The shares were up 3.5% at 5:29 p.m. in ...