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.
But after a bankruptcy judge rejected a key aspect of its legal strategy, 3M is facing an uphill battle to find a way to control its costs stemming from 230,000 lawsuits on behalf of military veterans, the largest single multidistrict litigation by number in U.S. history.
Source: https://www.wsj.com/articles/3ms-bankruptcy-setback-deepens-earplug-litigation-troubles-11661976054?siteid=yhoof2&yptr=yahoo