The Combat Arms Earplug settlement agreement was announced in August 2023, and it has since received strong and widespread support from claimants and the military community as a whole. As a result of this support, the parties and the courts have reached the next milestone outlined in the agreement toward bringing the settlement to a successful conclusion.
Specifically, all of the remaining "wave" plaintiffs, who were preparing their claims for trial prior to the settlement agreement, have now agreed to participate in the settlement and release their claims as part of the settlement agreement.. In recognition of this strong support and 100% participation of the remaining wave claimants, 3M has amended the existing settlement agreement timing to reflect this further support and participation. There will be an acceleration of the payment ($253.00) by the company.Approximately $1 million) is due for these cases on or before the 31st of January. We are committed to resolving these claims by December 31, 2024, as part of our commitment to do so
We are committed to resolving these claims by December 31, 2024, as part of our commitment to do so
As we move forward with the implementation of the settlement agreement, 3M and Aearo will continue to work with all parties and the courts toward the full implementation of the settlement agreement, and we will provide updates as additional milestones are reached.
3M has filed documents with the Securities and Exchange Commission that provide additional details regarding the agreement, including the anticipated payment schedules provided that certain conditions are met. These documents are available on 3M's website.
You can find out more about the 3M earplug settlement by visiting 3m-earplugsettlement.com.

Source prnewswire