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3M (NYSE:MMM) has now misplaced seven of 12 bellwether trials over its navy earplugs after a federal jury in Florida awarded $50M to an Indiana veteran who claimed faulty 3M earplugs precipitated his listening to loss and tinnitus, the Minneapolis Star-Tribune stories.
The decision marks the third consecutive jury award of $50M in opposition to the corporate in bellwether trials over the corporate’s fight earplugs; in January, two veterans prevailed in court docket and gained $55M every, whereas one other jury in December awarded $22.5M.
The corporate maintains the earplugs, which had been normal challenge to the U.S. navy for years, are secure.
“Lawsuits, together with PFAS and earplugs, proceed to plague the thesis however shares could also be totally discounted,” Equanimity Investing writes in a bullish evaluation printed on Looking for Alpha.
