A U.S. military combat earplug supplier started to pay out the first of billions in a settlement to thousands of veterans who alleged in lawsuits that the earplugs caused hearing loss. On Dec. 26, 3M made a payment of around $250 million to the Qualified Settlement Fund, which will go to between 25,000 to 30,000 claimants who have agreed to dismiss their claims in return. The company said this week it would pay out $253 million by Jan. 31. [time-brightcove not-tgx=”true”] The first wave of compensation comes after 3M agreed to pay out a total of $6 billion between 2023 and 2029––$5 billion in cash and $1 billion in 3M stock––to resolve the years-long Combat Arms Earplug liti
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