3M Lawsuit Investors Ordered to Be Unmasked Amid $6 Billion Deal

Aug. 30, 2023, 9:07 PM UTC

A federal judge wants to know how much of a $6 billion settlement for military veterans injured by faulty 3M Co. earplugs is set to go to outside investors backing the lawsuits.

District Judge M. Casey Rodgers on Tuesday ordered plaintiffs lawyers in the massive litigation to file disclosures detailing outside funding deals. The order came hours after 3M Co. announced a settlement to resolve hundreds of thousands of claims against the company.

Rodgers expressed concern about outside funders’ role in the deal.

“For at least the past decade, settlements of this size and nature have often attracted the attention ...

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