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
staff reporter
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.”
U.S. Chief Bankruptcy Judge Jeffrey Graham, who heard dismissal arguments for three days in April in Indianapolis, found that 3M subsidiary Aearo Technologies, which is financially solvent, had no “valid reorganization purpose” to file for Chapter 11 protection last year.
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