3M will pay $6 billion to settle military lawsuits over its earplugs

ViewChemical and consumer product manufacturer 3M said Tuesday it has agreed to pay $6 billion to settle lawsuits from U.S. service members who say they experienced hearing loss or other serious injuries after using faulty earplugs made by the company.

The settlement, consisting of $5 billion in cash and $1 billion in 3M...