Duane Morris partner Gerald Maatman. Courtesy photoClass Action Settlements Totaled $40B+ Three Years in a Row: 'We’re in a New Era'
The total dollar value of class action and mass tort settlements dropped in 2024 but continued to surpass $40 billion for the third year in a row, according to the Duane Morris Class Action Review 2025.
January 16, 2025 at 03:29 PM
5 minute read
What You Need to Know
- The largest settlement in the report was 3M’s PFAS deal worth at least $10.3 billion to thousands of public drinking water providers.
- Class action settlements in 2024 were the third-highest value tallied in the past two decades, according to the report.
- Data breach and privacy class actions, plus lawsuits over "forever chemicals," are on the rise.
The total dollar value of class action and mass tort settlements dropped in 2024 but continued to surpass $40 billion for the third year in a row.
That’s according to the Duane Morris Class Action Review 2025, which calculated total settlements at $42 billion last year, down from $51.4 billion in 2023 and $66 billion in 2022. The decrease comes as many of the largest cases, such as opioids and “forever chemicals,” wrapped up last year, said Duane Morris partner Gerald Maatman, co-author of the 650-page report, which analyzed about 1,440 cases.
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