3M corporate headquarters building in Maplewood, MN. Credit: Ken Wolter/Adobe Stock No 'Valid Reorganization Purpose': Judge Dismisses 3M Unit's Earplug Bankruptcy
In a swift blow to 3M, U.S. Chief Bankruptcy Judge Jeffrey Graham, in Indianapolis, dismissed the Chapter 11 case of its subsidiary Aearo Technologies on Friday. "These cases were and are a litigation management tactic and not a rehabilitative effort," Graham wrote.
June 09, 2023 at 05:11 PM
6 minute read
Bankruptcy
The original version of this story was published on Law.com
A bankruptcy judge dismissed a 3M unit's Chapter 11 case to resolve lawsuits over combat earplugs, concluding that it had no "valid reorganization purpose."
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