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3M (MMM) Stock Drops 5% on Court Verdict Related to Military Earplugs, JPMorgan Sees Up To $1.5 Trillion in Potential Liabilities

January 28, 2022 11:23 AM EST

Shares of 3M (NYSE: MMM) are down over 5% today after a federal jury in Florida awarded $55 million each to two U.S. Army veterans who sustained hearing damage after using combat earplugs developed by the company.

This marks the largest verdict in a series of trials over the earplugs' safety. Jurors in Pensacola, Florida, awarded a total of $110 million to Ronald Sloan... More