How Solvent Companies Leverage Bankruptcy to Resolve Lawsuits—And Why
Chief Executive
OCTOBER 28, 2022
The answer is becoming increasingly common as mass-tort litigation spirals out of control in the U.S.: Soon 3M faced more than 230,000 claims by service members claiming permanent hearing loss, representing billions of dollars in potential liability over a product that generated less than $50 million in military revenue over its lifetime.
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