(Reuters) -A jury in Pensacola, Florida federal court on Friday ordered 3M Co to pay $77.5 million to a U.S. Army veteran who said he suffered hearing damage as a result of using the company's military-issue earplugs. The verdict for veteran James Beal is the largest yet for an individual in a sprawling litigation over the earplugs that as of May 16 included more than 290,000 claims in the Pensacola court, by far the largest mass tort litigation in U.S. history.
ITT stands to gain from solid momentum across its end markets, acquisition and growth investments. Rising costs and expenses and high capital expenditures might affect its performance.
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