3M Strikes $6 Billion Settlement in Historic Mass Tort Case Over Earplug Safety Claims
ST. PAUL, Minn. — Minnesota-based manufacturing behemoth 3M has agreed to a landmark $6 billion settlement to resolve a mass tort litigation involving its combat earplugs, marking this as possibly the largest case of its kind to date. The company announced that the settlement funds, to be paid between 2023 and 2029, will consist of $5 billion in cash and $1 billion in 3M common stock. Despite the agreement, 3M maintains that there has been no admission of liability, asserting that the products implicated in the lawsuit were safe and effective when used correctly. For … Read more