3M agrees to pay $6 billion to settle earplug lawsuits from service members
The settlement, consisting of $5 billion in cash and $1 billion in 3M stock, will be made in payments that will run through 2029.
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The settlement, consisting of $5 billion in cash and $1 billion in 3M stock, will be made in payments that will run through 2029.
Chemical and consumer product manufacturer 3M has agreed to pay $6 billion to settle lawsuits from U.S. service members who say they experienced hearing loss or other serious injuries after using faulty earplugs made by the company.
The settlement, consisting of $5 billion in cash and $1 billion in 3M stock, will be made in payments that will run through 2029.
The company appears to have settled claims over faulty earplugs.
3M's board of directors is nearing a decision on settling nearly 260,000 lawsuits filed by U.S. military members and veterans alleging hearing damage caused by the company's earplugs.