3M agrees to pay $6 billion to settle earplug lawsuits from US service members
Chemical and consumer product manufacturer 3M has agreed to pay $6 billion to settle lawsuits from U.S. service members who say they experienced hearing loss or other serious injuries after using faulty earplugs made by the company NEW YORK -- Chemical and consumer product manufacturer 3M said Tuesday it has agreed to pay $6 billion to settle 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 settle ment, consisting of $5 billion in cash and $1 billion in 3M stock, will be made in payments that will run through 2029. Hundreds of thousands of veterans and current service members have sued 3M and Aearo Technologies, a company that 3M acquired in 2008, over their Combat Arms Earplugs. 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, ...