3M Company (MMM): "3M's legal troubles aren't over despite...

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bar1080

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Wednesday, 08/30/2023 10:05:39 AM

Wednesday, August 30, 2023 10:05:39 AM

"3M's legal troubles aren't over despite $18.5 billion in settlements"

"3M (MMM) is trying to put the country’s largest-ever mass tort case behind it. Even if it does, its legal problems are far from over.

The Minnesota conglomerate announced Tuesday it had agreed with plaintiffs attorneys to a $6 billion settlement that would end thousands of lawsuits from more than 260,000 veterans alleging earplugs made by a subsidiary caused hearing loss.

3M would make the payments between 2023 and 2029, splitting it between $5 billion in cash and $1 billion in stock, so long as the equity commitment is approved by the court."

https://finance.yahoo.com/news/3ms-legal-troubles-arent-over-despite-185-billion-in-settlements-115913197.html

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