A 3M earplug lawsuit is underway. Thousands of current military personnel and veterans may qualify for compensation based on this lawsuit. There is the potential that 3M could settle the case, and plaintiffs involved in the litigation could receive substantial damages.
High Rise Financial is a leading pre-settlement legal funding company. We offer lawsuit loans to those involved in a wide range of cases. Our team also keeps people up to date on the 3M lawsuit and answers common questions surrounding it.
What Is the 3M Lawsuit Exactly?
In 2018, 3M settled a whistleblower lawsuit relating to the sale of defective dual-ended Combat Arms earplugs to the U.S. military. 3M agreed to pay $9.1 million to resolve allegations that the company violated the False Claims Act. In addition, the company previously faced claims that it knowingly did not disclose the fact that the earplugs were defective to the military.
Over the past few years, nearly 300,000 military service members and veterans have filed lawsuits against 3M relating to its defective earplugs. They claim these earplugs contributed to hearing loss and tinnitus (ringing in the ears). Also, they claim 3M did not warn people about the potential risks associated with using the earplugs.
To date, over $300 million has been awarded to plaintiffs in earplugs lawsuits against 3M. In May 2022, a Florida jury awarded $77.5 million to a military veteran in a 3M earplugs lawsuit. This represents the most damages awarded in a 3M earplugs lawsuit thus far.
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What Is the Current State of 3M Lawsuits?
As of November 1, 2022, a judge said settlement talks between 3M and plaintiffs in lawsuits against the company over its defective earplugs can resume. However, the judge also granted 3M the opportunity to appeal their ruling. This means there is unlikely to be a settlement resolution any time soon in any 3M lawsuits.
For those involved in a 3M lawsuit, it is important to remain patient. There is no telling if or when the lawsuits will be resolved. Yet, those involved in the midst of litigation against 3M must consider their financial options carefully.
Pre-settlement funding may prove to be a great option for 3M lawsuit plaintiffs. This funding allows a plaintiff to receive money that can be used throughout the course of their litigation. If a plaintiff’s lawsuit gets settled, only then does this individual have to repay their pre-settlement funding.
How Much Money Can I Pursue in a 3M Lawsuit?
Before filing a 3M lawsuit, consult with a doctor. This allows an individual to determine the extent of any hearing loss or tinnitus that has occurred. It may provide a person with insights into whether defective 3M earplugs contributed to these issues.
From here, get in touch with a personal injury attorney. This allows an individual to get legal insights into their personal injury claim. It enables this individual to determine how much in damages to pursue, too.
A personal injury lawyer will consider the medical bills and other damages a person has incurred. Next, the attorney can provide an individual with a recommendation on how much to seek in damages. The lawyer can work diligently on their client’s behalf to help this individual get the most damages possible.
Is There a Limit on the Amount of Damages that I Can Seek in a 3M Lawsuit?
The plaintiff in a 3M lawsuit must consider economic and non-economic damages. Economic damages refer to compensation awarded based on medical bills, loss of wages, and other quantifiable measures. Non-economic damages are funds awarded due to pain, suffering, and other subjective losses.
A personal injury attorney can help a plaintiff determine a realistic amount of damages to seek in a 3M lawsuit. The lawyer will do so in the hopes of presenting a strong case for the client. Plus, requesting a reasonable amount of damages boosts the likelihood that 3M may submit a settlement offer that aligns with a plaintiff’s expectations.
Do not expect damages to be awarded instantly in a 3M lawsuit. A plaintiff may require months or years before their lawsuit concludes. During this time, the plaintiff may want to explore pre-settlement funding that can be used to keep their debtors at bay.
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Should I Pursue a Lawsuit Loan as Part of a 3M Lawsuit?
Lawsuit loans represent great options for 3M lawsuit plaintiffs. There are several reasons why, such as:
Getting a Lawsuit Loan Is Quick and Simple
To obtain a lawsuit loan, an individual only needs to fill out a brief online application. Then, a pre-settlement funding company reviews a lawsuit loan request. The company next offers a pre-settlement funding quote to an individual; if the quote is accepted, a person can receive their lawsuit loan check in days.
No Credit Check Is Required
A bank or credit union requires a person to undergo a credit check and have their financial history reviewed before a loan request gets approved. Comparatively, a pre-settlement funding company does not need to complete either of these things. The company instead looks at the projected settlement amount in a 3M lawsuit to determine how much it can provide in pre-settlement funding.
There Is Zero Risk
A pre-settlement funding company takes all of the risks with a lawsuit loan. If a plaintiff’s 3M lawsuit is unsuccessful, this individual keeps the money provided by their pre-settlement funding company. At this point, the pre-settlement funding company clears the plaintiff’s lawsuit loan, and this individual can move past their litigation.
It is beneficial to learn as much as possible about pre-settlement funding. A best-in-class lawsuit loan company can share details about pre-settlement legal funding. The business can answer any questions about lawsuit loans and help an individual make an informed decision about whether now is the time to get one.
How Can I Request a Lawsuit Loan Based on a 3M Lawsuit?
High Rise Financial simplifies the process of getting pre-settlement funding. Our lawsuit loan specialists can help you begin the pre-settlement funding application process. For more information, please contact us today.