“We have great respect for the brave men and women who protect us and remain committed to the military as an active partner and valued customer going forward.” This was the statement made by 3M chairman and chief executive Mike Roman when he announced that the company was moving forward with its plan to declare a subsidiary bankrupt to shield 3M from ...
continue reading...3M Continues Bankruptcy Play to Dodge Earplug Claims
After Bankruptcy Play Fails, Combat Arms Earplug Lawsuits Ordered into Mediation
After attempting to escape its liability and responsibility to compensate United States servicemembers harmed by its sale of faulty earplugs to the U.S. military, 3M has been ordered into mediation as the litigation surrounding the matter moves forward.
Earlier this summer, 3M attempted to offload responsibility for the Combat Arms earplugs situation onto a subsidiary company called Aearo Technologies and then simultaneously declare that company bankrupt. ...
continue reading...20,000 Cases Removed from 3M Earplug Lawsuit Over Missing Documents
With more than 270,000 cases currently pending over allegations that 3M defrauded the U.S. government and sold it millions of faulty earplugs, 3M has managed to have 20,000 of those cases thrown out after the veterans failed to provide the court with copies of their DD214s.
The DD214 is also known as the official service record. The document shows the capacities in which the veteran ...
continue reading...Combat Arms Earplugs Verdict Pushes on 3M Stock Price
A federal jury awarded two U.S. Army veterans $110 million last month in the latest verdict to pummel 3M after it knowingly sold faulty earplugs to the United States military. While the government’s response to being defrauded by a company that chose to put its profits over the safety of United States soldiers can barely be described as tepid, hundreds of thousands of servicemembers have ...
continue reading...3M Loses $22.5 Million Combat Arms Earplug Verdict
A federal jury in Florida has stood up for the men and women who serve their country when their government failed to do so. $22.5 million was awarded to an Army veteran who suffers from hearing loss and tinnitus as a result of 3M’s sale of faulty earplugs to the United States military. The amount is the largest yet awarded in a litigation that ...
continue reading...First 3M Earplugs Lawsuit Leads to $6 Million Verdict
3M executives must have been thrilled when the whistleblower lawsuit that exposed their sale of defective earplugs to the United States military led to a paltry $9 million fine. For a company whose revenue exceeds $30 billion per year, the fine was essentially a refund of the contract price with no consequences for the deception.
The party, however, appears to be coming to an end as the ...
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