Current:Home > Finance3M agrees to pay $6 billion to settle earplug lawsuits from U.S. service members -WealthSpot
3M agrees to pay $6 billion to settle earplug lawsuits from U.S. service members
View
Date:2025-04-26 09:24:42
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! (2)
Related
- What to watch: O Jolie night
- How Euphoria's Colman Domingo Met His Husband Through Craigslist
- Senate Democrats face steep odds in trying to hold majority in November
- What's going on at the border? A dramatic standoff between Texas and the White House.
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- This Look Back at the 2004 Grammys Will Have you Saying Hey Ya!
- 'It sucks getting old': Jon Lester on Red Sox, Cubs and his future Hall of Fame prospects
- Police: Inert Cold War-era missile found in garage of Washington state home
- Trump wants to turn the clock on daylight saving time
- Masturbation abstinence is popular online. Doctors and therapists are worried
Ranking
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- The destruction of a Jackie Robinson statue was awful. What happened next was amazing.
- Marilyn Manson completes community service sentence for blowing nose on videographer
- Dua Lipa Is Ready to Dance the Night Away in Her 2024 Grammys Look
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- You’ll Adore These Fascinating Facts About Grammy Nominee Miley Cyrus
- US, Britain strike Yemen’s Houthis in a new wave, retaliating for attacks by Iran-backed militants
- How Donald Trump went from a diminished ex-president to the GOP’s dominant front-runner
Recommendation
Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
5 Capitol riot defendants who led first breach on Jan. 6 found guilty at trial
New Grammy category for African music ignores almost all of Africa
Jason Kelce praises Taylor Swift and defends NFL for coverage during games
What do we know about the mysterious drones reported flying over New Jersey?
Claims that Jan. 6 rioters are ‘political prisoners’ endure. Judges want to set the record straight
Neighborhood Reads lives up to its name by building community in Missouri
Rapper Killer Mike Arrested at 2024 Grammys After Winning 3 Awards