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On January 26, 2024, 3M Company, a multinational conglomerate corporation, amended a settlement arrangement related to litigation over Combat Arms Earplugs (CAE), which were sold or manufactured by its subsidiary Aearo Technologies LLC and related entities. The amendment stipulates that 3M will pay $1 billion in cash rather than in stock, as was previously an option under the original settlement terms. This decision comes after the company reached a settlement in August 2023 to resolve the CAE litigation with a total payment of $6 billion spread from 2023 to 2029, contingent upon 98% participation from claimants. As of January 29, 2024, 3M announced that claimant participation is expected to exceed the 98% threshold by the final registration date of March 25, 2024. The settlement is anticipated to resolve over 99% of the claims. The company's decision to pay in cash was disclosed in a press release and is part of a broader update on the settlement's progress.
On January 26, 2024, 3M Company, a multinational conglomerate corporation, amended a settlement arrangement related to litigation over Combat Arms Earplugs (CAE), which were sold or manufactured by its subsidiary Aearo Technologies LLC and related entities. The amendment stipulates that 3M will pay $1 billion in cash rather than in stock, as was previously an option under the original settlement terms. This decision comes after the company reached a settlement in August 2023 to resolve the CAE litigation with a total payment of $6 billion spread from 2023 to 2029, contingent upon 98% participation from claimants. As of January 29, 2024, 3M announced that claimant participation is expected to exceed the 98% threshold by the final registration date of March 25, 2024. The settlement is anticipated to resolve over 99% of the claims. The company's decision to pay in cash was disclosed in a press release and is part of a broader update on the settlement's progress.
2024年1月26日，跨国集团公司3M公司修改了与作战武器耳塞（CAE）诉讼有关的和解安排，该耳塞由其子公司Aearo Technologies LLC和相关实体出售或制造。该修正案规定，3M将支付10亿美元的现金而不是股票，而以前是最初和解条款下的期权。该决定是在该公司于2023年8月达成和解以解决CAE诉讼之后作出的，从2023年到2029年，总共支付60亿美元，前提是索赔人98％的参与。截至2024年1月29日，3M宣布，预计到2024年3月25日的最终注册日期，索赔人的参与率将超过98％的门槛。该和解协议预计将解决99％以上的索赔。该公司以现金支付的决定已在新闻稿中披露，这是和解进展更广泛最新情况的一部分。
2024年1月26日，跨国集团公司3M公司修改了与作战武器耳塞（CAE）诉讼有关的和解安排，该耳塞由其子公司Aearo Technologies LLC和相关实体出售或制造。该修正案规定，3M将支付10亿美元的现金而不是股票，而以前是最初和解条款下的期权。该决定是在该公司于2023年8月达成和解以解决CAE诉讼之后作出的，从2023年到2029年，总共支付60亿美元，前提是索赔人98％的参与。截至2024年1月29日，3M宣布，预计到2024年3月25日的最终注册日期，索赔人的参与率将超过98％的门槛。该和解协议预计将解决99％以上的索赔。该公司以现金支付的决定已在新闻稿中披露，这是和解进展更广泛最新情况的一部分。
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