3M agrees to pay $6 billion after US military said faulty earplugs led to hearing loss

3M’s headquarters in Minnesota. New York CNN —

3M has agreed to pay $6 billion to resolve roughly 300,000 lawsuits alleging that the manufacturing company supplied faulty combat earplugs to the military that resulted in significant injuries, such as hearing loss.

In a release , 3M said the agreement is “not an admission of liability” and that the payout will come over several years and encompass $5 billion in cash and $1 billion in stock.“The products at issue in this litigation are safe and effective when used properly. 3M is prepared to continue to defend itself in the litigation […]

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By Donato