Current:Home > Markets3M agrees to pay $6 billion to settle earplug lawsuits from U.S. service members -EquityZone
3M agrees to pay $6 billion to settle earplug lawsuits from U.S. service members
View
Date:2025-04-15 12:15:22
NEW YORK (AP) — Chemical and consumer 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! (5177)
Related
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Juventus midfielder Paul Pogba banned for four years for doping
- Watch '9-1-1' trailer: Somebody save Angela Bassett and Peter Krause
- Car theft suspect who fled police outside hospital is spotted, escapes from federal authorities
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- UC Berkeley officials denounce protest that forced police to evacuate Jewish event for safety
- What we know about 'Only Murders in the Building' Season 4
- Oregon woman earns Guinness World Record title for largest tongue circumference
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- It's not 'all in their head.' Heart disease is misdiagnosed in women. And it's killing us.
Ranking
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Kate Hudson Reveals Why She Let Fear Fuel Her New Music Career
- ‘Naked Gun’ reboot set for 2025, with Liam Neeson to star
- Toni Townes-Whitley says don't celebrate that she is one of two Black female Fortune 500 CEOs
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- A 911 call claiming transportation chief was driving erratically was ‘not truthful,” police say
- Jimmy Butler goes emo country in Fall Out Boy's 'So Much (For) Stardust' video
- At least 1 dead, multiple injured in Orlando shooting, police say
Recommendation
Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
Kansas City Chiefs superfan 'ChiefsAholic' pleads guilty to bank robberies
Pregnant Sofia Richie Candidly Shares She's Afraid of Getting Stretch Marks
‘Naked Gun’ reboot set for 2025, with Liam Neeson to star
Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
Jesse Baird and Luke Davies Case: Australian Police Officer Charged With 2 Counts of Murder
Today Only: Save $40 on a Keurig Barista Bar That's So Popular, It's Already Sold Out on the Brand's Site
NYC officials clear another storefront illegally housing dozens of migrants in unsafe conditions
Like
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Police find bodies of former TV reporter Jesse Baird and partner Luke Davies after alleged killer tells investigators where to look
- Production manager testifies about gun oversight in fatal shooting by Alec Baldwin in 2021 rehearsal