AFFF MDL PLANTIFFS’ EXECUTIVE COMMITTEE LEADERSHIP STRIKES $316.5M DEAL WITH BASF FOR SAFER WATER
Pending final approval, first payment distribution scheduled for March 2025
CHARLESTON, S.C., May 21, 2024 /PRNewswire/ — In the continued effort to mitigate the impact of PFAS contamination, co-lead attorneys for MDL No. 2873 In Re: Aqueous Film-Forming Foam (AFFF) Products Liability Litigation (D.S.C) announce a $316.5 million agreement in principle with BASF Corporation (OTCQX: BASFY). This settlement represents another breakthrough in the ongoing AFFF litigation and PFAS contamination issue and its impact on water systems nationwide. Adhering to the provisions of the Safe Drinking Water Act, this settlement underscores a cooperative effort to address and mitigate environmental concerns associated with providing clean drinking water and supporting public health. The settlement is subject to court approval.