3M to pay billions to settle lawsuits over US military earplugs

More than 300,000 troops claim they suffered hearing loss and tinnitus due to company’s faulty product American multinational conglomerate 3M has agreed to pay more than $5.5 billion to settle hundreds of thousands of lawsuits, claiming that it supplied defective combat earplugs to the US military, people familiar with the deal told Bloomberg. According to the agreement, the company will be paying the money out over a five-year period, the agency reported on Sunday. 3M’s board is yet to sign off on the settlement, it added. When approached on the issue by Bloomberg, a representative of 3M said the company does not

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