The company’s request to claim bankruptcy has been denied by the Court. Over 200,000 lawsuits were filed against 3M, a multinational conglomerate company over their faulty equipment.
The company requested a temporary stay order on the lawsuits brought against it and its subsidiary, Aearo Technologies LLC. Lawsuits have been filed for the supply of earplugs which caused hearing loss among veterans despite having used their earplugs during their tenure of service.
Nearly 300,000 U.S. Military Veterans have filed lawsuits against 3M Company for providing faulty combat earplugs, causing injuries such as permanent hearing loss and tinnitus.
— Cory Watson Attorneys (@CoryWatsonLaw) April 28, 2022
Learn more about the record-breaking lawsuit at: https://t.co/HtZlmeBK5y pic.twitter.com/jXG9LpRO7R
Aearo Technologies, the 3M subsidiary also filed for bankruptcy under chapter 11 of the bankruptcy code that allo0ws for the reorganization of debts and the assets owned by the company.
Hearing impairment seems to be a basis for most of the lawsuits filed against the Minessota-based company.
Judge Graham who serves as a judge on the Bankruptcy Court in the Southern District of Indiana, has ruled that the request made by 3M and its subsidiary cannot be granted.
The judge overseeing multidistrict litigation over injuries caused by faulty 3M Co. earplugs sold to the military slashed a jury's $55 million award to one plaintiff in a bellwether case to $21.7 million. https://t.co/hYPSVZLyMS pic.twitter.com/ptmgqim0K4
— Law360 (@Law360) May 25, 2022
The 3M case has gained the title of the largest ever tort-based mass litigation in US history. A jury trial is scheduled to take place very soon.
3M has stated that it has every intention to file an appeal. Fighting each of these cases will not bring any justice to either party, 3M feels. The value of shares owned by the company has also decreased as a result of the ruling.
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