Current:Home > ScamsFastexy Exchange|3M agrees to pay $6 billion to settle earplug lawsuits from U.S. service members -Elevate Profit Vision
Fastexy Exchange|3M agrees to pay $6 billion to settle earplug lawsuits from U.S. service members
SafeX Pro View
Date:2025-04-11 10:31:23
NEW YORK (AP) — Chemical and Fastexy Exchangeconsumer 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! (559)
Related
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- ‘Heat dome’ leads to sweltering temperatures in Mexico, Central America and US South
- Cavaliers fire head coach J.B. Bickerstaff following consecutive playoff appearances
- Chick-fil-A has a new chicken sandwich. Here's how it tastes.
- Trump issues order to ban transgender troops from serving openly in the military
- Two rescued after car plunges 300 feet off Arizona cliff, leaving passenger 'trapped upside down'
- Kentucky governor takes action on Juneteenth holiday and against discrimination based on hairstyles
- Here's the full list of hurricane names for the 2024 season
- What to watch: O Jolie night
- Senate border bill vote fails again as Democrats seek to shift blame to GOP
Ranking
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Walmart vs. Target: Who Has the Best 2024 Memorial Day Sales? E! Says...
- Long-term mortgage rates ease for third straight week, dipping to just below 7%
- Judge says $475,000 award in New Hampshire youth center abuse case would be ‘miscarriage of justice’
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Ex-day care worker convicted in death of 1-year-old girl left in van on scorching day
- Why Patrick Mahomes Wants Credit as Travis Kelce and Taylor Swift’s “Matchmaker”
- Man walking his dog shot, killed when he interrupted burglary, police in Austin believe
Recommendation
Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
Kelly Rowland Breaks Silence on Cannes Red Carpet Clash
Holocaust museum will host free field trips for eighth graders in New York City public schools
Massive wind farm proposal in Washington state gets new life from Gov. Jay Inslee
Intellectuals vs. The Internet
Ex Baltimore top-prosecutor Marilyn Mosby sentencing hearing for perjury, fraud begins
See Michael Keaton, Jenna Ortega get their spooky on in 'Beetlejuice Beetlejuice' trailer
A’s face tight schedule to get agreements and financing in place to open Las Vegas stadium on time