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3M settles $6B earplug lawsuits with US service members
The Business Guardian
|August 31, 2023
Manufacturer of chemicals and consumer goods 3M has agreed to pay $6 billion to resolve several lawsuits brought by US service personnel who claim they suffered major injuries or hearing loss after using faulty earplugs produced by the business.
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Payments for the settlement, which consists of $5 billion in cash and $1 billion in 3M stock, will be made over the course of 2029. One of the greatest mass torts in US history has been resolved thanks to the agreement announced by the Minnesota company on Tuesday. According to reports, 3M and Aearo Technologies, a business that 3M bought in 2008, have been sued by hundreds of thousands of veterans and active duty service personnel for their Combat Arms Earplug devices.
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