Judge rejects 3M's attempt to use bankruptcy to halt earplug lawsuits.
TL;DR
A court has blocked 3M's strategy to halt earplug lawsuits through bankruptcy. The company had sought to use bankruptcy proceedings to create a trust to handle the lawsuits, but the court ruled that the plan was an attempt to avoid liability. The lawsuits allege that 3M's earplugs were defective and caused hearing damage to military service members.
- Court blocks 3M strategy to halt earplug lawsuits through bankruptcy Financial Times
- Federal judge tosses 3M earplug unit's bankruptcy filing (NYSE:MMM) Seeking Alpha
- 3M bankruptcy court gambit to resolve earplug lawsuits rejected by judge Star Tribune
- US judge rejects 3M effort to resolve earplug lawsuits in bankruptcy Reuters
- 3M Can't Resolve Mass Lawsuits Through Earplug Unit's Bankruptcy, Judge Rules The Wall Street Journal
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