3M is on the verge of ending the largest mass tort litigation in U.S. history, but it's still facing other expensive legal headaches.
The company said Tuesday that it settled with roughly 250,000 plaintiffs in a $6.01 billion deal.
Military veterans and service members alleged 3M manufactured defective earplugs that resulted in hearing loss.
While news of the settlement relieves one big legal overhang, 3M is still awaiting approval of its $10.3 billion settlement with water utilities over drinking water contaminated with substances known as "forever chemicals."
That settlement, which is facing pushback from more than 20 states, only covers a subset of liabilities and does not include a growing list of states that have sued 3M.
Persons:
Bryan Aylstock
Organizations:
Military, CNBC, Capstone