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3M nears $5.5 billion settlement over defective military earplugs: reports

3M Co. is nearing agreement on a $5.5 billion settlement over defective earplugs, according to reports Sunday.

Bloomberg News and the Wall Street Journal reported the company is close to settling more than 300,000 lawsuits stemming from defective combat earplugs that did not sufficiently protect thousands of military veterans from hearing loss.

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