Thread regarding 3M layoffs

3M Earplug Lawsuit News

August 24, 2023: We have not mentioned the possible 3M earplug settlement in a while, so here is our latest thoughts.

The conventional wisdom is that these claims will settle sooner rather than later. We have had high hopes of a resolution before that quickly fizzled. But they have never been this high. One canary in the coal mine to watch for – the number of law firm that are no longer taking new cases. This may start happening sooner rather than later.

A settlement could take a lot of different forms and there is very little information swirling about how a settlement might be structured… or what the average settlement might be. We have tossed around a $50,000 number as a potential mark. That is probably overly optimistic. But weaker cases pull the average down. The bigger question is what will be the average settlement in cases with cases with serious and well documented injuries.

Miller & Zois, LLC

by Anonymous
| 1582 views | | 9 replies (last August 27, 2023) | Reply
Post ID: @OP+1oinu9ne
Comment! It's anonymous!

9 replies (most recent on top)

3M claimed they were bankrupt. Then the judge pointed out that 3M was solvent. LOL 🤥

by Anonymous
| | Reply
Post ID: @1jbl+1oinu9ne

No, these law firms are not your "friends". They are in it for the money. Look and see what percentages lawyers take in these big lawsuits. That's money not going to the wronged people or fixing the environment.

by Anonymous
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Post ID: @1qze+1oinu9ne

According to Pentagon data, 85% of plaintiffs do not have hearing loss when using American Medical Association criteria (90% when using World Health Organization criteria). If settlement is with 15% of veterans who do have hearing loss at $50K each, settlement is $1.8B ... quite manageable for 3M.

by Making Sense
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Post ID: @1irt+1oinu9ne

"I wish the law firms would not post here."
@njt+1oinu9ne

The way I look at it is that 3M's code of conduct will not stop 3M from doing wrong things . . . like polluting the worlds water supply, selling safety product at outrageous prices that do not protect military personnel hearing, participating in illegal discrimination (based on race or age), or improperly influencing Chinese officials. In fact, those are just some of the things our company has done and each are in active litigation this year.

The way I look at it is that these law firms are our friends. Better than 3M HR. Better than 3M leadership. Better than 3M policy. Better than 3M culture. Better than EAP. Better than the Ethics Hotline. I hope the law firms continue to post and that they are there when the worst happens to one of us.

I was an employee that 3M did wrong to. I waited too long to contact a law firm and did not save evidence. The law firm I contacted apologized to me for what 3M had done but explained we did not have a strong enough case. You must make audio recordings, print out documents, and keep great notes. When the time comes, find a law firm.

by Anonymous
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Post ID: @pdj+1oinu9ne

$20bil to $30bil worth of payout to lawsuits for next 10 years. How much of the profits that 3M need to suffer? This company is not investable.

by Anonymous
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Post ID: @qxt+1oinu9ne

I wish the law firms would not post here.

by Anonymous
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Post ID: @njt+1oinu9ne

254,000 case by $50,000 average settlement. That’s $12.7 billion. Almost as big as the PFAS payout. This company is scre.wed.

by Dominik
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Post ID: @mxh+1oinu9ne

Definitely would be nice to settle these lawsuits (~254,000) and move on.

by Anonymous
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Post ID: @cep+1oinu9ne

“Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.”

Winston Churchill, The Lord Mayor’s Luncheon, Mansion House, November 10, 1942

by Anonymous
| | Reply
Post ID: @zhd+1oinu9ne

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