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Indianapolis-based Aearo Technologies LLC’s recent bankruptcy filing won’t shield its corporate parent 3M Co. from the massive flood of product-liability lawsuits over Aeros’ military earplugs, a judge has ruled.
In one of the largest ever U.S. mass torts, about 230,000 U.S. military members and veterans allege faulty Combat Arms earplugs — made by 3M subsidiary Aearo Technologies — damaged their hearing.
The company filed for bankruptcy protection for its Aearo subsidiary last month, but a judge ruled Friday that action doesn't mean the parent company is shielded from earplug lawsuits.
3M Company must be on many dividend investors’ radar given that its current yield is more than 33% above its historical averages. Click to read our analysis.
Hoosier veterans are suing 3M over Combat Arms earplugs that didn't live up to the promise of protecting the hearing of those on the battlefield.