3M says earplug litigation settlement on track to exceed 98% participation threshold it agreed to

3M Co. MMM, +0.01% said Monday the litigation settlement it agreed to for selling potentially faulty earplugs to the military is on track to exceed the 98% participation threshold by the final registration date of March 25. The company has opted to pay $1 billion of the total of$6 billion in cash, instead of stock, a choice it was allowed once it reached the 98% participation threshold. “The strong support from more than 250,000 eligible claimants who have elected to participate in the settlement and rele ...