3M Co. and its subsidiary Aearo Technologies LLC have reached a settlement with several insurers for $120 million to resolve claims related to injuries sustained by military personnel who used the companies’ earplugs, according to a court document. The settlement is part of a larger $6 billion global settlement reached by the companies in connection with these claims.3M Co. and its subsidiary Aearo Technologies LLC have reached a settlement with several insurers for $120 million to resolve claims related to injuries sustained by military personnel who used the companies’ earplugs, according to a court document. The settlement is part of a larger $6 billion global settlement reached by the companies in connection with these claims. 3M and Aearo are still pursuing a lawsuit against five insurers in Delaware state court, seeking an additional $370 million in legal defense costs. The companies made this disclosure in a filing with the U.S. District Court for the Northern District of Florida, where Judge M. Casey Rodgers has been overseeing a lawsuit brought by military members alleging hearing loss due to the use of the companies’ earplugs. The amount collected under the insurance policies will be used to compensate victims and cover legal costs associated with the litigation.
3M Co. and its subsidiary Aearo Technologies LLC have settled with several insurers to receive $120 million of a $6 billion global settlement for injuries sustained by military personnel who used the company’s earplugs, according to a court document.
3M and Aearo are still suing five insurers in Delaware state court seeking more than $370 million in legal defense costs, the companies told the U.S. District Court for the Northern District of Florida. Judge M. Casey Rodgers has been overseeing the military members’ hearing loss lawsuit in federal court.
The amounts collected under these policies …
