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Aearo Technologies

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Judge denies 3M's attempt to settle earplug lawsuits in bankruptcy court.
business3 years ago

Judge denies 3M's attempt to settle earplug lawsuits in bankruptcy court.

A US judge has rejected 3M subsidiary Aearo Technologies' bankruptcy filing, which aimed to resolve nearly 260,000 lawsuits alleging that 3M military earplugs caused hearing loss for veterans and US service members. The judge ruled that Aearo, as a well-supported subsidiary of 3M, enjoys a "greater degree of financial security than warrants bankruptcy protection." The lawsuits are the largest mass tort in US history, with nearly 330,000 cases filed and approximately 260,000 pending cases.

Judge denies 3M's attempt to use bankruptcy to limit earplug lawsuit liabilities.
business3 years ago

Judge denies 3M's attempt to use bankruptcy to limit earplug lawsuit liabilities.

A federal judge has dismissed the bankruptcy filing of 3M unit Aearo Technologies, which was aimed at resolving 3M's legal liabilities. The judge agreed with personal-injury lawyers who claimed the chapter 11 filing was in bad faith and didn't have a valid reason for reorganization. 3M is considering appealing the ruling. The bankruptcy filing was part of 3M's effort to reach a global settlement for about 230,000 lawsuits claiming its military earplugs were defective and damaged the hearing of veterans.