3M: towards final resolution of earplug dispute
Under the agreement, it will pay a total of up to $6 billion between 2023 and 2029 to resolve the litigation, representing a total pre-tax present value of $5.3 billion, for which it has already recorded reserves.
3M and Aearo are actively engaged in insurance recovery activities to offset a portion of the settlement payments. Processes are underway through a lawsuit filed in Delaware, as well as arbitration proceedings.
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