Current:Home > ContactTradeEdge-3M agrees to pay $6 billion to settle earplug lawsuits from U.S. service members -MoneyMatrix
TradeEdge-3M agrees to pay $6 billion to settle earplug lawsuits from U.S. service members
Fastexy Exchange View
Date:2025-04-10 13:13:19
NEW YORK (AP) — Chemical and TradeEdgeconsumer product manufacturer 3M has agreed to pay $6 billion to settle numerous 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 agreement announced by the Minnesota company on Tuesday marks a resolution to one of the largest mass torts in U.S. history.
Hundreds of thousands of veterans and current service members have reportedly sued 3M and Aearo Technologies, a company that 3M acquired in 2008, over their Combat Arms Earplug products. The service members alleged that a defective design allowed the products — which were intended to protect ears from close range firearms and other loud noises — to loosen slightly and allow hearing damage, according to Aylstock, Witkin, Kreis, & Overholtz PLLC, one of the law firms representing plaintiffs.
In an online summary about the Combat Arms Earlplug litigation, the Florida-based law firm notes that 3M previously agreed to pay $9.1 million to settle a lawsuit on behalf of the government alleging the company knowingly supplied defective earplugs to the U.S. military. And since 2019, the firm added, 3M has lost 10 of 16 cases that have gone to trial — awarding millions of dollars to plaintiffs to date.
The Associated Press reached out to Aylstock, Witkin, Kreis, & Overholtz PLLC for comment on Tuesday’s agreement. In a statement to to Bloomberg and other news outlets, attorney Bryan Aylstock called the settlement a historic agreement and a “tremendous victory for the thousands of men and women who bravely served our country and returned home with life-altering hearing injuries.”
In Tuesday’s announcement, 3M maintained that the agreement — which includes all claims in Florida’s multi-district litigation, coordinated state court action in Minnesota, and potential future claims — was not an admission of liability.
“The products at issue in this litigation are safe and effective when used properly,” the company wrote. “3M is prepared to continue to defend itself in the litigation if certain agreed terms of the settlement agreement are not fulfilled.”
3M has previously tried to reduce exposure to the earplug litigation through bankruptcy court, the Wall Street Journal reported. In 2022, Aearo filed for bankruptcy as a separate company, accepting responsibility for claims, but the filing was later dismissed in U.S. bankruptcy court.
Beyond the earplug litigation, 3M in June agreed to pay at least $10.3 billion to settle lawsuits over contamination of many U.S. public drinking water systems with potentially harmful compounds. The deal would compensate water providers for pollution with per- and polyfluorinated substances, also known as “forever chemicals.”
The agreement hasn’t been finalized yet. Last month, 22 attorneys general urged a federal court to reject the proposed settlement, saying it lets manufacturer 3M off too easily.
veryGood! (8)
Related
- Military service academies see drop in reported sexual assaults after alarming surge
- The future of crypto hinges on a fight between the SEC and a former burger flipper
- Australia beats France in epic penalty shootout to reach World Cup semifinals
- Winning Time Los Angeles Lakers Style Guide: 24 Must-Shop Looks
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- GBI investigating after 62-year-old man dies in Atlanta Police custody
- Baker Mayfield has sharp first outing for Buccaneers in preseason loss to Steelers
- 'Wait Wait' for August 12, 2023: 25th Anniversary Spectacular, Part V
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Rising political threats take US into uncharted territory as 2024 election looms
Ranking
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- What did a small-town family do with a $1.586 billion Powerball win?
- What does Georgia spend on 'Kirby Copter' for coach's recruiting? It's not cheap.
- How to watch Kendrick Lamar, Foo Fighters at Outside Lands festival from San Francisco
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Biden headed to Milwaukee a week before Republican presidential debate
- In 'Red, White & Royal Blue,' a director centers true queer intimacy on screen
- Researchers have identified a new pack of endangered gray wolves in California
Recommendation
Small twin
Virginia player wounded in deadly attack returns for a new season as an inspiration to his teammates
Kelsea Ballerini Says She Feels Supported and Seen by Boyfriend Chase Stokes
3 unaccounted for after house explosion that destroyed 3 homes, damaged at least 12 others
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
Video shows deadly end to Connecticut police chase as officer shoots man in vehicle
AP gets rare glimpse of jailed Hong Kong pro-democracy publisher Jimmy Lai
Child murderer run out of towns in 1990s faces new charges in 2 Texas killings