Is 3m bankrupt?

U.S. Bankruptcy Judge Jeffrey Graham said he did not have enough evidence on Aearo's first day in court to block further litigation against 3M, which is not bankrupt, but said he would consider the matter at a hearing on Aug. 15.

Will bankruptcy protect 3m from lawsuits over defective earplugs?

A bankruptcy court last week declined to extend chapter 11 protections to 3M based on a bankruptcy filing by its Aearo Technologies subsidiary. 3M Co. had good reason to bet that it could use U.S. bankruptcy laws to shield itself from a mountain of personal-injury lawsuits filed over its allegedly defective military earplugs. Already a subscriber?

Did Aearo's bankruptcy protect 3M?

U.S. District Judge Casey Rodgers in Pensacola, Florida, had said at a hearing Wednesday morning that she did not believe Aearo's bankruptcy filing automatically protected parent company 3M, and she castigated the company for canceling scheduled depositions Tuesday with "not so much as a phone call" to her.

Is 3M's bankruptcy a fix for mass tort ills?

U.S. Chamber backs 3M, argues bankruptcy is fix for mass tort ills The company logo and trading information for 3M is displayed on a screen on the floor of the New York Stock Exchange. REUTERS/Brendan McDermid