3M Company

Do you have any thoughts about the $MMM settlement of $6B for the earplug litigations?
The market seems to like it, even if I believe that's not the final number.

It is good news to see that they are closing some of the open claims.

I believe that 3M is a great company, but it has a long history of lawsuits, and investors have started to be bothered by that. I really hope this is the light at the end of the tunnel.

[https://www.reuters.com/legal/3m-board-vote-multibillion-dollar-settlement-military-earplug-litigation-2023-08-28/](https://www.reuters.com/legal/3m-board-vote-multibillion-dollar-settlement-military-earplug-litigation-2023-08-28/)

In April, I estimated the litigation costs would be $7bn. And I valued the shares at $131–140 each.

Valuabl

3M on Monday agreed to pay $6.01 billion to settle nearly 260,000 lawsuits by current and former U.S. military service members who say they suffered hearing loss from using the company's earplugs, according to a person familiar with the agreement.

https://www.reuters.com/legal/3m-board-vote-multibillion-dollar-settlement-military-earplug-litigation-2023-08-28/

3M agrees to pay $6 bln to settle lawsuits over US military earplugs

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