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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，跨國集團公司3M公司修改了與作戰武器耳塞（CAE）訴訟有關的和解安排，該耳塞由其子公司Aearo Technologies LLC和相關實體出售或製造。該修正案規定，3M將支付10億美元的現金而不是股票，而以前是最初和解條款下的期權。該決定是在該公司於2023年8月達成和解以解決CAE訴訟之後作出的，從2023年到2029年，總共支付60億美元，前提是索賠人98％的參與。截至2024年1月29日，3M宣佈，預計到2024年3月25日的最終註冊日期，索賠人的參與率將超過98％的門檻。該和解協議預計將解決99％以上的索賠。該公司以現金支付的決定已在新聞稿中披露，這是和解進展更廣泛最新情況的一部分。
2024年1月26日，跨國集團公司3M公司修改了與作戰武器耳塞（CAE）訴訟有關的和解安排，該耳塞由其子公司Aearo Technologies LLC和相關實體出售或製造。該修正案規定，3M將支付10億美元的現金而不是股票，而以前是最初和解條款下的期權。該決定是在該公司於2023年8月達成和解以解決CAE訴訟之後作出的，從2023年到2029年，總共支付60億美元，前提是索賠人98％的參與。截至2024年1月29日，3M宣佈，預計到2024年3月25日的最終註冊日期，索賠人的參與率將超過98％的門檻。該和解協議預計將解決99％以上的索賠。該公司以現金支付的決定已在新聞稿中披露，這是和解進展更廣泛最新情況的一部分。
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