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...The combat earplugs at the centre of the litigation were made by Aearo Technologies, a company 3M acquired in 2008 for $1.2bn....
...Soldiers filed about 255,500 personal injury claims claiming that their hearing was damaged by earplugs made by 3M subsidiary Aearo Technologies. 3M placed Aearo into bankruptcy last year, setting aside...
...Judge Jeffrey Graham ruled in Indiana that Aearo Technologies, a 3M subsidiary which filed for Chapter 11 last year and holds the liabilities related to the earplug litigation, had a greater degree of financial...
...claimed earplugs supplied by a subsidiary to the US Army had failed to protect them from hearing loss. 3M was forced into a $6bn settlement after a federal judge in June overturned its attempt to put its Aearo...
...US Bankruptcy Judge Jeffrey Graham in Indiana on Friday refused a request by the conglomerate to place a temporary stay on lawsuits alleging 3M and its subsidiary Aearo Technologies — which has filed for...
...Kellogg and General Electric also intend to streamline their businesses, making them easier for Wall Street to understand. 3M’s tough love involves putting its Aearo Technologies subsidiary into Chapter...
...US bankruptcy judge Jeffrey Graham in Indiana on Friday refused a request by the conglomerate to place a temporary stay on lawsuits alleging 3M and its subsidiary Aearo Technologies — which has filed for...
...Simultaneously, it announced that Aearo Technologies, the unit that made the earplugs at the centre of the legal battle, has filed for Chapter 11 bankruptcy proceedings and set aside $1bn to fund a trust...
...And last month 3M placed its Aearo subsidiary into Chapter 11 in a bid to resolve hundreds of thousands of claims linked to allegedly defective earplugs....
...The bankruptcy filing by 3M’s Aearo Technologies marks the latest in a series of controversial bankruptcy manoeuvres deployed by US companies, which legal experts say typically halt cases, aim to cap future...
...Permira is keen to repeat the success it enjoyed on its investment in Aearo Technologies, the US maker of protective equipment, which it bought for $765m in March 2006 and sold less than two years later...
...The deal is the fourth exit of the year for Permira, which has also made healthy profits by selling its stakes in Intelsat, the satellite operator, Debitel, the German mobile phone operator, and Aearo Technologies...
...Yesterday, it agreed to buy Aearo Technologies, a maker of personal protective products, for $765m (€630m)....
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