3M $6 Billion Settlement Precludes Texas Two-Step Appeal
On August 29th, 2023, 3M announced a wide-ranging $6 billion settlement reached with plaintiffs' counsel meant to resolve pending and future litigation related to Combat Arms Earplugs produced by its subsidiary Aearo Technologies. The deal represents $5 billion in cash and $ 1 billion in 3M common stock over the course of 2023-2029. The currently pending multi-district litigation in Florida regarding Combat Arms Earplugs has grown to staggering levels, representing over 250,000 active individual actions [...]