3M Stock Lifts Dow Jones Industrials On Reports Of $5.5 Billion Settlement| Investor’s Business Daily
Dow Jones Industrial giant 3M (MMM) reached a tentative $5.5 billion settlement to resolve more than 300,000 lawsuits regarding defective military combat earplugs, Bloomberg first reported late Sunday. 3M stock rallied premarket Monday.
The earplug lawsuit is reportedly the largest mass tort in U.S. history with more than 300,000 claims, according to the Wall Street Journal. Military veterans allege that faulty earplugs produced by 3M and subsidiary Aearo Technologies and issued by…