Taking Action to Efficiently and Equitably Resolve Litigation Related to Combat Arms Earplugs
On July 26, 2022, Aearo Technologies and related entities, all of which are wholly-owned 3M subsidiaries, voluntarily initiated chapter 11 proceedings. This well-established process is intended to achieve an efficient and equitable resolution, reduce uncertainty, and increase clarity for all stakeholders, while reducing the cost and time that could otherwise be required to litigate thousands of cases.
- 3M and its other businesses have not filed for chapter 11 and will continue to operate as usual. Aearo Technologies will also continue to operate in the ordinary course.
- 3M has entered into a funding agreement with Aearo Technologies to establish a trust to satisfy all claims determined to be entitled to compensation, and to support Aearo Technologies as it continues to operate during the chapter 11 process. 3M has committed $1 billion to fund the trust, based on the analysis of an experienced estimator of claims in chapter 11.
Background on Aearo Technologies
Aearo Technologies was acquired by 3M in 2008 and has since operated as a wholly-owned subsidiary of 3M. The claims largely relate to the previous generation Combat Arms Earplugs manufactured by Aearo Technologies, as well as discontinued Aearo Technologies mask and respirator products utilized to reduce workplace exposure to asbestos, silica, coal mine dust or occupational dusts.
3M and Aearo Technologies believe the Combat Arms Earplugs were effective and safe when used properly.
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3M Subsidiary Aearo Technologies Takes Action to Efficiently and Equitably Resolve Litigation Related to Combat Arms Earplugs
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