3M (MMM) also is a defendant in the biggest civil injury case in U.S. history as about 250,000 veterans assert its Combat Arms earplugs didn’t guard against hearing damage. 3M (MMM) also is a target of personal-injury suits, cases filed by state attorneys general over environmental contaminants and complaints in other countries. Advisory firm Capstone estimates that 3M (MMM) will spend more than $40 billion to settle PFAS litigation. 3M (MMM) has potential sources of cash to partly offset these payouts, including a spinoff of its healthcare business. “Settlements that make funding payments over time could mitigate the leverage concerns.”More about 3M litigation

Source: Wall Street Journal June 21, 2023 16:57 UTC