[ad_1]
A federal jury right this moment awarded $110M to 2 U.S. Military veterans who stated fight earplugs offered by 3M (NYSE:MMM) to the navy brought about them to undergo listening to harm, Reuters studies.
Jurors in Pensacola, Fla., sided with the plaintiffs who alleged that 3M’s Fight Arms Earplugs Model 2’s design was faulty, awarding every $15M in compensatory damages and $40M in punitive damages, in simply the biggest verdict but to outcome from lots of of 1000’s of lawsuits over the product.
Noting it received the 2 earlier trials involving the earplugs, 3M says it plans to attraction; 5 extra trials are scheduled this 12 months.
Aearo Applied sciences, which 3M purchased in 2008, developed the product.
In a bullish new evaluation revealed on In search of Alpha, David J. Waldron calls 3M “a defensive core conviction purchase, whether or not the market is up, down or sideways.”
[ad_2]
Source link