The shares in question would be issued to a settlement fund and could be sold immediately, with provisions to mitigate the risk of stock dilution. A former SEC commissioner expressed confidence in the fairness of the stock transfer, noting it was negotiated at arm’s length and that 3M’s status as a widely held public company provided a reliable market value for the stock. One veteran, who will join the settlement, expressed apprehension that 3M might file for bankruptcy, potentially affecting a key element of the settlement that involves transferring $1 billion in stock.
January 1, 2024: Today was the fairness hearing. We are not handling new 3M earplug lawsuits. We continue to update this page to provide information. This page provides the latest news and updates on the 3M earplug lawsuits and the settlement in 2023.
