3M Begins Payments in $6 Billion Earplug Settlement
The first payment was $250 million.
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The first payment was $250 million.
3M reached the settlement agreement back in August — after hundreds of thousands of veterans and current service members sued the company over combat earplugs.
3M reached the settlement agreement back in August, after hundreds of thousands of veterans and current service members sued the company.
More than 30,000 military veterans and service members have formally agreed to 3M's settlement over allegedly faulty earplugs, prompting 3M to issue $253 million in payments earlier than expected.
NEW YORK (AP) — 3M has started paying out its $6 billion settlement to U.S. service members who say they experienced hearing loss or other serious injuries after using faulty earplugs made by the company. The chemical and consumer product manufacturer made a $250 million payment to the qualified settlement fund on Dec. 26, expected to result in 25,000 to 30,000 claimants dismissing associated litigation. “All the remaining ‘wave’ plaintiffs, whose claims were being prepared for trial prior to the settlement agreement, have now agreed to participate in the settleme...