3M Reaches $6 Billion Settlement with Military Veterans Over Earplug Case
3M Reaches $6 Billion Settle...
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3M Reaches $6 Billion Settlement with Military Veterans Over Earplug Case

29 August 2023
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3M Reaches $6 Billion Settlement with Military Veterans Over Earplug Case

Resounding Justice

Maplewood-based manufacturing powerhouse 3M has recently announced a groundbreaking $6 billion settlement to resolve a lawsuit filed by over 200,000 veterans. These veterans claimed that the company's military-grade earplugs, marketed as "Combat Arms Earplugs," failed to provide adequate protection against hearing loss during military service.

The settlement terms outline that 3M will disburse a total of $6 billion, split between $5 billion in cash and $1 billion in common stock, over a six-year period stretching from 2023 to 2029. This resolution seeks to address the legal action brought forth against 3M and its subsidiary Aearo Technologies for the alleged faulty earplugs that resulted in veterans experiencing hearing loss and aural condition tinnitus, as reported by the Washington Post.

While the plaintiffs' legal representatives hail the settlement as a resounding victory for the countless servicemen and women who courageously served the nation, 3M clarifies in their statement that the settlement should not be misconstrued as an acknowledgment of wrongdoing.

In a released statement, the plaintiffs' attorneys expressed their satisfaction with the settlement, referring to it as a monumental triumph for those who have returned from duty with profound, life-altering hearing impairments. On the contrary, 3M's official statement emphasizes that entering into the settlement is not tantamount to an admission of liability. They assert that the earplugs in question are both safe and effective when utilized correctly, remaining steadfast in their stance to defend against the litigation if certain specified terms of the settlement agreement are not fulfilled.

This high-stakes agreement arrives merely two months subsequent to 3M's agreement to pay $10.3 billion to settle a distinct lawsuit linked to the introduction of PFAS, commonly known as "forever chemicals," into local drinking water supplies.

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