An international conglomerate is filing a division for bankruptcy to avoid payment for suits filed by hundreds of thousands of veterans, lawyers for Ontario firm McCune Wright Arevalo said Aug. 1.
Aearo Technologies supplied earplugs to the military from 2003 to 2015, and was bought by 3M in 2008.
3M announced Aearo’s bankruptcy last week, after 230,000 veterans have filed cases against the company, alleging deceit and defects resulting in tinnitus and hearing loss.
“A company that has $47 billion in assets, that has net income of over $15 billion in the last three years, that has sent $13 billion
