3M Company (MMM): 3M earplug-litigation update: https:...

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Re: DewDiligence post# 591

Tuesday, 05/23/2023 4:34:50 AM

Tuesday, May 23, 2023 4:34:50 AM

3M earplug-litigation update:

https://finance.yahoo.com/news/3m-ceo-must-attend-mediation-215026124.html

A federal judge has ordered 3M CEO, Michael Roman to attend mediation aimed at resolving nearly 260,000 lawsuits alleging that 3M military earplugs caused hearing loss, saying the negotiations have reached a "critical juncture."

The judge’s phrase, “critical juncture” suggests that a settlement of the earplug multi-district litigation may be near. On the other hand, I can’t see why 3M would accept unfavorable settlement terms while they still have a chance to prevail in the Aearo bankruptcy approach. Stay tuned.

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