Thread regarding 3M layoffs

3M EARPLUG LAWSUIT UPDATE IMPACTING STAFFING DECISIONS

April 20, 2023 Update: A bankruptcy judge in Indiana is hearing or-l arguments this week on a motion to dismiss a controversial bankruptcy filed by 3M earplug subsidiary Aearo Technologies. The bankruptcy court has already refused 3M’s request to be protected by the stay in the Aearo bankruptcy. That pivotal issue (which was really the whole point of the Aearo bankruptcy in the first place) is currently on appeal to the 7th Circuit where things look bleak for 3M (see the April 14 Update available by using the lake below).

3M earplug plaintiffs are also pushing more aggressive course of action by demanding the dismissal of the bankruptcy, citing the same grounds established by the 3rd Circuit in a comparable case involving J and J in the talc litigation. The bankruptcy court hearings are ongoing, and the judge is expected to issue a ruling promptly after they conclude.

Additional Info

https://www.millerandzois.com/products-liability/3m-combat-arms-earplug-lawsuit-attorneys/

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| 1661 views | | 2 replies (last April 26, 2023) | Reply
Post ID: @OP+1mk30jvS

2 replies (most recent on top)

When the appeal of the bankruptcy shield tactic is denied, which is very likely IMO, the pressure to settle will be ramped up. Considering the $9B J&J talc settlement I’m guessing 3M’s settlement liabilities will be north of $10B.

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Post ID: @qbd+1mk30jvS

If the bankruptcy is dismissed the bellwether trials can continue or will grow? Is that nutshell on this update and the “what” that may be impacting staffing decisions?

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Post ID: @ypp+1mk30jvS

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