3m earplugs lawsuit update - Aearo, which made the combat arms earplugs, filed for bankruptcy last July, with 3M pledging $1 billion to fund Aearo's liabilities stemming from the lawsuits that accuse both Aearo and 3M of ...

 
3M Co. parried questions Monday from judges on an Eleventh Circuit panel who seemed open to affirming four veterans’ hearing-loss verdicts and a crucial, underlying lower-court ruling denying immunity for defects in the company’s combat earplugs. The case could knock out all of the suits in the potentially billion-dollar litigation if 3M .... Obitmichigan.com home

Aug 29, 2023 · Roughly 260,000 lawsuits have been filed over the earplugs. 3M has agreed to pay $6 billion to settle about 260,000 lawsuits claiming that earplugs that US troops were issued between 2003 and 2015 ... Aug 28, 2023 · After the announcement in July 2018 that 3M paid the DOJ $9.2 to settle the qui tam lawsuits alleging that it sold defective earplugs to Army, thousands of veterans who had been living with hearing damage began filing product liability lawsuits against 3M. The lawsuits alleged that these veterans suffered hearing damage because of the defective ... Fast Five: 3M’s $6B earplug settlement, Myomo closes $4.4M public offering LivaNova wins FDA clearance, CE mark for Essenz in-line blood monitor Philips prices $546.2M offering to repay existing ...May 3, 2023 · Older Updates. August 27, 2022: Filing bankruptcy protection for its subsidiary does not excuse 3M from defending lawsuits in the 3M earplug class action, a federal bankruptcy judge ruled yesterday. This means the 3M earplug trials for 2023 are back on track. March 15, 2022: The Wilkerson bellwether trial is underway. 3M has agreed to pay more than $6 billion to consumers and military members who alleged the company's ear plugs were defective and caused hearing loss, tinnitus and other hearing-related injuries.August 31, 2022 Update: 3M filed its long-shot appeal of the recent Bankruptcy Court ruling by Judge Graham that blocked its controversial attempt to force the earplug lawsuits to be resolved within a Chapter 11 bankruptcy proceeding. 3M’s appeal will either go to the U.S. District Court for Indiana or the Bankruptcy Appellate Panel. A ...Aug 31, 2023 · 5:04 3M Co. ’s $6 billion settlement of lawsuits accusing the company of selling defective combat earplugs to the US military could fall apart if enough veterans reject the deal as inadequate... Jan 6, 2023 · 3:02. 3M Co. has racked up more than $450 million in defense costs as it struggles to fend off allegations defective earplugs it sold to the US military harmed soldiers’ hearing, court filings ... Lawsuits with 3M Earplugs. By the end of 2015, over 1 million veterans were being compensated for hearing loss. Although 3M claims no wrongdoing, they agreed to pay 9.1 million dollars in compensation to the the Department of Justice. 3M is currently being sued by individual plaintiffs that claim the company’s act of omitting their defects ...3M Earplug Lawsuit Update This page provides the latest news and updates on the 3M earplug lawsuits. There is some interesting perspective in the comments below from soldiers plaintiffs in the 3M earplug lawsuits on the new reports of a $6 billion settlement that are worth a read.Lawsuits with 3M Earplugs. By the end of 2015, over 1 million veterans were being compensated for hearing loss. Although 3M claims no wrongdoing, they agreed to pay 9.1 million dollars in compensation to the the Department of Justice. 3M is currently being sued by individual plaintiffs that claim the company’s act of omitting their defects ... October 14, 2022 Update: The U.S. Court of Appeals for the 7th Circuit has agreed to an expedited review of 3M’s appeal of the bankruptcy court decision that effectively blocked 3M from pulling the 230,000 earplug lawsuits into bankruptcy.March 27, 2022 Update: In a historical weekend in the 3M earplug litigation, the Wilkerson jury came back yesterday with an $8 million verdict. 3M was counting on winning Wilkerson to keep afloat the idea that “they win some, we win some” and only the best 3M earplug lawsuits have real value.ST. PAUL, Minn., March 1, 2023 /PRNewswire/ -- U.S. Department of Defense records for more than 175,000 plaintiffs show that the vast majority of claimants in Combat Arms earplug litigation have normal hearing under medically accepted standards.April 30 (Reuters) - 3M Co (MMM.N) was found liable on Friday for hearing damage suffered by three U.S. military veterans who accused the company of covering up design defects in its earplugs, a ...Oct 13, 2022 · 3M Co. (NYSE: MMM) will get another chance to shield itself against hundreds of thousands of liability lawsuits over its military-issue earplugs, as a federal appeals court agreed to hear the ... March 27, 2022 Update: In a historical weekend in the 3M earplug litigation, the Wilkerson jury came back yesterday with an $8 million verdict. 3M was counting on winning Wilkerson to keep afloat the idea that “they win some, we win some” and only the best 3M earplug lawsuits have real value.Dec 23, 2022 · Saying 3M has engaged in “bad faith manipulation,” a federal judge quashed the company’s effort to shift responsibility for an avalanche of military earplug lawsuits to a bankrupt subsidiary. 3M has won five trials. (Reuters) - 3M Co has asked a federal judge to require tens of thousands of plaintiffs who have claimed that the company's military-issue earplugs damaged their hearing as ...A federal jury on Friday awarded a U.S. Army veteran $8.2 million after finding that combat earplugs sold by 3M Co caused him to suffer hearing loss and tinnitus, the biggest verdict yet against ...June 2022 Update. A Florida federal jury awarded $77.5M to James Beal, a U.S. Military Veteran, who alleged the faulty 3M earplugs caused permanent hearing loss. Beal, who was diagnosed with bilateral tinnitus and noise-induced hearing loss, was awarded $72.5M in punitive damages and $5M in compensatory damages.August 2023 Update: A 3M earplug lawsuit settlement was reached on August 28, 2023, providing roughly $6 billion in funds to resolve allegations raised in more than 250,000 lawsuits filed by U.S ... Get the latest 3M earplug lawsuit updates. Thousands of military service members have sued 3M, claiming the earplugs were defective and led to hearing issues.ST. PAUL, Minn., March 1, 2023 /PRNewswire/ -- U.S. Department of Defense records for more than 175,000 plaintiffs show that the vast majority of claimants in Combat Arms earplug litigation have normal hearing under medically accepted standards.June 26, 2022 9:30 am ET. Listen. (2 min) A lawyer for 3M says the earplugs were ‘designed based on our collaboration with the military,’ which is now using newer versions of the product ...Dec 15, 2022 · December 2022 3M Earplug Lawsuit Update. Recently, 3M has taken the stance that it can not be held independently liable for the earplugs developed by Aearo, which plaintiffs lawyers have called an ... 3M Earplug Lawsuit Update | Get the Right Lawyer. The 3M Company has been ordered to pay nearly $10 million over claims it knowingly sold the U.S. Federal Government defective military earplugs which could cause hearing loss, hearing damage, tinnitus, and other ear problems. Published by Collen Clark. Last Updated: September 2, 2023.In July 2018, the Department of Justice announced that 3M Company agreed to pay $9.1 million "to resolve allegations that it knowingly sold" the same ear plugs at the center of the current ... Of 16 earplug cases that have gone to trial, 3M has lost 10, with about $265 million being awarded in total to 13 plaintiffs. Those verdicts are included in the $6.01 billion amount.According to his lawsuit, Vilsmeyer brought fifteen claims against 3M from injuries he alleges were caused by his use of the Combat Arms Earplug version 2 (“CAEv2”), and his wife filed for ...Jul 24, 2023 · 3M’s dark chapter deepens as CEO faces beaten down investors. July 24, 2023 Updated Mon., July 24, 2023 at 5:53 p.m. 1 of 2. Mike Roman, chief executive officer of 3M, is facing challenges on ... Lawsuits with 3M Earplugs. By the end of 2015, over 1 million veterans were being compensated for hearing loss. Although 3M claims no wrongdoing, they agreed to pay 9.1 million dollars in compensation to the the Department of Justice. 3M is currently being sued by individual plaintiffs that claim the company’s act of omitting their defects ...Apr 6, 2022 · 3M has won five trials. (Reuters) - 3M Co has asked a federal judge to require tens of thousands of plaintiffs who have claimed that the company's military-issue earplugs damaged their hearing as ... Mar 1, 2023 · ST. PAUL, Minn., March 1, 2023 /PRNewswire/ -- U.S. Department of Defense records for more than 175,000 plaintiffs show that the vast majority of claimants in Combat Arms earplug litigation have normal hearing under medically accepted standards. 2023-06-30 - The Combat Arms Earplugs Version 2 (CAEv2) was manufactured by Aearo Technologies, Inc. prior to being taken over by 3M in 2008. The dual-ended 3M CAEv2 combat earplugs served as a standard form of military hearing protection in foreign conflicts for more than a decade, from 2002 to 2016. The 3M military earplugs are made of green and yellow with a double-ended design. The 3M earplugs lawsuit has been settled by the manufacturing company after agreeing to pay the $6 billion settlement. The Minnesota-based chemical and consumer product manufacturer has been accused of selling faulty earplugs to U.S. service members. However, despite paying billions of dollars, 3M still denied that its earplugs have faulty designs.Aug 29, 2023 · FILE - The logo for 3M appears on a screen above the trading floor of the New York Stock Exchange, Oct. 24, 2017. 3M, on Tuesday, Aug. 29, 2023, has agreed to pay $6 billion to settle numerous ... Aug 28, 2023 · Aug 28 (Reuters) - 3M (MMM.N) on Monday agreed to pay $6.01 billion to settle nearly 260,000 lawsuits by current and former U.S. military service members who say they suffered hearing loss from... Plaintiff lawyers claim Combat Arms 2 earplugs distributed to service members from 2008 to 2015 were defective due to poor design and because 3M failed to provide adequate instructions. 3M says ...Joint agenda to be posted on 3M MDL website; Court's expectations regarding individual counsel for bellwether plaintiffs; Choice of Law Committee and chart; Depositions of Government witnesses live calendar; Document stipulations to narrow scope of case-specific bellwether depositions; Other discovery matters. August 27, 2020: Pretrial Order No. 52Jun 26, 2022 · June 26, 2022 9:30 am ET. Listen. (2 min) A lawyer for 3M says the earplugs were ‘designed based on our collaboration with the military,’ which is now using newer versions of the product ... Veteran and current service members and others have so far filed more than 250,000 claims and lawsuits against 3M contending that the earplug’s design was defective and led to hearing loss and ...In July 2018, the Department of Justice announced that 3M had agreed to pay $9.1 million to settle a whistleblower suit accusing 3M of knowingly selling defective earplugs to the U.S. military. The settlement was driven by allegations that 3M, and its predecessor Aearo Technologies Inc., sold the CAEv2 Earplugs to the Defense Logistics Agency ...Jan 3, 2023 · January 2023 update. A recent lawsuit filed by plaintiff Anthony F. Ascanio (Ascanio v. 3M Company et al.) has provided a clearer picture of the manufacturer’s serious responsibilities in damaging the soldiers’ hearing. According to the accusations, Aearo lied on the earplugs’ ability to protect against sudden sounds and conduced sham ... Joint agenda to be posted on 3M MDL website; Court's expectations regarding individual counsel for bellwether plaintiffs; Choice of Law Committee and chart; Depositions of Government witnesses live calendar; Document stipulations to narrow scope of case-specific bellwether depositions; Other discovery matters. August 27, 2020: Pretrial Order No. 52The compensation you will receive if you struggle with a form of hearing impairment as a consequence of using the defective 3M Combat Arms earplugs highly depends on the severity of your diagnosis. In 2018, 3M agreed to pay $9.1 million to settle a whistleblower lawsuitJanuary 2023 3M Earplug Lawsuit Update. While any appeal of this ruling is pursued, Judge Rodgers has previously ordered the parties to continue engaging in 3M earplug settlement talks, requiring ...Feb 3, 2023 · 3M Earplugs Lawsuit Updates (2023) On January 7, 2023, 3M reported spending $450 million in attorney’s fees for their lawsuit defense. So, this type of claim has far-reaching consequences for 3M. While reports on January 6, 2023, stated that the lawsuit was in limbo, the new claims brought forward kept emerging – 12 on January 6th and 30 ... 3M Earplug Settlement Update. by Ronald V. Miller, Jr. Over 288,000 plaintiffs have filed a 3M earplug lawsuit against 3M alleging that the company’s Combat Arms earplugs were defective and failed to protect them from hearing damage. The 3M earplug lawsuits have been consolidated into the largest “class action” MDL in history – the 3M ...The U.S. District Judge presiding over all 3M earplug hearing loss lawsuits has scheduled a “Data Day” for February 23, at which time a neutral third party will publicly present an analysis of ...Oct 11, 2022 · The litigation, which started back in 2018, after a whistle-blower filed a lawsuit against 3M (MMM) revealing allegations that 3M (MMM) and its subsidiary, Aearo Technologies, had knowingly sold defective dual-ended Combat Arms earplugs to the United States Military. This case resulted in a $9.1m (£8.2m) settlement with the Department of ... Feb 3, 2023 · 3M Earplugs Lawsuit Updates (2023) On January 7, 2023, 3M reported spending $450 million in attorney’s fees for their lawsuit defense. So, this type of claim has far-reaching consequences for 3M. While reports on January 6, 2023, stated that the lawsuit was in limbo, the new claims brought forward kept emerging – 12 on January 6th and 30 ... Saying 3M has engaged in “bad faith manipulation,” a federal judge quashed the company’s effort to shift responsibility for an avalanche of military earplug lawsuits to a bankrupt subsidiary.It’s also in confidential mediation to resolve more than 200,000 lawsuits alleging faulty earplugs it supplied to U.S. combat troops led to hearing damage. Analysts expect a resolution to cost ...April 30 (Reuters) - 3M Co (MMM.N) was found liable on Friday for hearing damage suffered by three U.S. military veterans who accused the company of covering up design defects in its earplugs, a ...Dec 15, 2022 · December 2022 3M Earplug Lawsuit Update. Recently, 3M has taken the stance that it can not be held independently liable for the earplugs developed by Aearo, which plaintiffs lawyers have called an ... Key Points. 3M must face more than 230,000 lawsuits accusing it of selling defective earplugs to the U.S. military, after a U.S. judge on Friday ruled that the bankruptcy of a subsidiary did not ...ST. PAUL, Minn., March 1, 2023 /PRNewswire/ -- U.S. Department of Defense records for more than 175,000 plaintiffs show that the vast majority of claimants in Combat Arms earplug litigation have normal hearing under medically accepted standards.The Department of Defense brought allegations against 3M for selling dangerous and defective Combat Arms Ears™ and 3M paid $9.1 million to resolve the claim (CAEv2). However, no help or compensation has yet been provided to the actual service members who suffered the damaging effects of the defective earplugs and have experienced hearing loss ...3M Co. has tentatively agreed to pay more than $5.5 billion to resolve over 300,000 lawsuits claiming it sold the US military defective combat earplugs, people familiar with the deal said.Get the latest 3M earplug lawsuit updates. Thousands of military service members have sued 3M, claiming the earplugs were defective and led to hearing issues.3M’s $6 Billion Earplug Accord Risks Failure If Veterans Reject Deal. Thousands per veteran may not be enough given hearing loss; Injured ex-service members won $265 million in early trialsThe 3M earplugs lawsuit has been settled by the manufacturing company after agreeing to pay the $6 billion settlement. The Minnesota-based chemical and consumer product manufacturer has been accused of selling faulty earplugs to U.S. service members. However, despite paying billions of dollars, 3M still denied that its earplugs have faulty designs.In a startling settlement in July 2018, the 3M corporation agreed to pay $9.1 million in a False Claims Act lawsuit to settle allegations that it knowingly supplied the United States military with defective earplugs. The lawsuit brought on behalf of the government alleged that the company covered up the fact that the dual-ended earplugs could slightly loosen, allowing hearing damage to occur ... That company is 3M, the St. Paul, Minnesota-based technology and manufacturing giant that supplied a version of Combat Arms earplugs to the U.S. military from 2008 to 2015. Sigmon, 37, has been ...Dec 23, 2022 · Saying 3M has engaged in “bad faith manipulation,” a federal judge quashed the company’s effort to shift responsibility for an avalanche of military earplug lawsuits to a bankrupt subsidiary. 3M Earplug Lawsuit Updates – May 2023 The St. Paul-based manufacturer and merchant of these yellow and dark green earplugs, 3M , has a product named Combat Arms Earplug Version 2 or CAEv2. They were established by a company acquired by 3M in 2008 called, Aearo Technologies. 3M competitor Moldex-Metric, Inc. in 2016 filed a whistleblower lawsuit against 3M claiming the company knew the CAEv2 earplugs it sold to the government between 2003 and 2015 did not meet the ...The Associated Press NEW YORK -- Chemical and consumer product manufacturer 3M said Tuesday it has agreed to pay $6 billion to settle lawsuits from U.S. service members who say they experienced hearing loss or other serious injuries after using faulty earplugs made by the company.Nicholas Pfosi/Reuters. By Amanda Holpuch. Jan. 28, 2022. A federal jury on Thursday awarded $110 million to two U.S. Army veterans who said they had hearing damage because of combat earplugs ...Jul 26, 2022 · Earplug manufacturer 3M announced Tuesday, July 26, 2022, that the company has set aside more than $1 billion to resolve the more than 290,000 pending cases from veterans who claim the company’s ... January 2023 update. A recent lawsuit filed by plaintiff Anthony F. Ascanio (Ascanio v. 3M Company et al.) has provided a clearer picture of the manufacturer’s serious responsibilities in damaging the soldiers’ hearing. According to the accusations, Aearo lied on the earplugs’ ability to protect against sudden sounds and conduced sham ...According to his lawsuit, Vilsmeyer brought fifteen claims against 3M from injuries he alleges were caused by his use of the Combat Arms Earplug version 2 (“CAEv2”), and his wife filed for ...Veteran and current service members and others have so far filed more than 250,000 claims and lawsuits against 3M contending that the earplug’s design was defective and led to hearing loss and ...3M’s $6 Billion Earplug Accord Risks Failure If Veterans Reject Deal. Thousands per veteran may not be enough given hearing loss; Injured ex-service members won $265 million in early trialsVeteran and current service members and others have so far filed more than 250,000 claims and lawsuits against 3M contending that the earplug’s design was defective and led to hearing loss and ...Jul 26, 2022 · Earplug manufacturer 3M announced Tuesday, July 26, 2022, that the company has set aside more than $1 billion to resolve the more than 290,000 pending cases from veterans who claim the company’s ... Nicholas Pfosi/Reuters. By Amanda Holpuch. Jan. 28, 2022. A federal jury on Thursday awarded $110 million to two U.S. Army veterans who said they had hearing damage because of combat earplugs ...3M Co. (NYSE: MMM) will get another chance to shield itself against hundreds of thousands of liability lawsuits over its military-issue earplugs, as a federal appeals court agreed to hear the ...A committee representing hundreds of thousands of veterans pursuing earplug hearing loss lawsuits is urging a federal bankruptcy court to dismiss a filing last year by 3M Company’s Aearo ...Moldec-Metric is also a rival in the earplug market. According to the lawsuit, the U.S. military had a contract for these earplugs from 2003 to 2015. The charges were issued in 2018. During that time, 3M agreed to pay $9.1 million to the U.S. government. But the condition put by 3M was that the cause of these defects was because the earplugs ...Aug 29, 2023 · 3M, the chemical and manufacturing giant, said on Tuesday that it had reached a $6 billion settlement over claims that it sold defective combat earplugs to the U.S. military. Aug 30, 2023 · New York CNN — 3M has agreed to pay $6 billion to resolve roughly 300,000 lawsuits alleging that the manufacturing company supplied faulty combat earplugs to the military that resulted in... 3M’s $6 Billion Earplug Accord Risks Failure If Veterans Reject Deal. Thousands per veteran may not be enough given hearing loss; Injured ex-service members won $265 million in early trials3M has lost 10 of the 16 earplug cases that have gone to trial so far, with about $265 million being awarded in total to 13 plaintiffs. 3M's bankruptcy strategy mirrors a similar effort by Johnson ...Aug 29, 2023 · Roughly 260,000 lawsuits have been filed over the earplugs. 3M has agreed to pay $6 billion to settle about 260,000 lawsuits claiming that earplugs that US troops were issued between 2003 and 2015 ... 3M "negotiated a pretty good deal for itself" in the earplugs case, says one expert. 3M Co. has tentatively agreed to pay more than $5.5 billion to resolve over 300,000 lawsuits claiming it sold ...3M Co on Friday urged a U.S. appeals court to bring to an end lawsuits by service members who say combat earplugs it sold were defective and caused their hearing damage, because the military was ...That company is 3M, the St. Paul, Minnesota-based technology and manufacturing giant that supplied a version of Combat Arms earplugs to the U.S. military from 2008 to 2015. Sigmon, 37, has been ...3M Co. (NYSE: MMM) will get another chance to shield itself against hundreds of thousands of liability lawsuits over its military-issue earplugs, as a federal appeals court agreed to hear the ...

3M "negotiated a pretty good deal for itself" in the earplugs case, says one expert. 3M Co. has tentatively agreed to pay more than $5.5 billion to resolve over 300,000 lawsuits claiming it sold .... Spider man pc mods

3m earplugs lawsuit update

Get the latest 3M earplug lawsuit updates. Thousands of military service members have sued 3M, claiming the earplugs were defective and led to hearing issues.June 2022 Update. A Florida federal jury awarded $77.5M to James Beal, a U.S. Military Veteran, who alleged the faulty 3M earplugs caused permanent hearing loss. Beal, who was diagnosed with bilateral tinnitus and noise-induced hearing loss, was awarded $72.5M in punitive damages and $5M in compensatory damages.Plaintiff lawyers claim Combat Arms 2 earplugs distributed to service members from 2008 to 2015 were defective due to poor design and because 3M failed to provide adequate instructions. 3M says ...2023-06-30 - The Combat Arms Earplugs Version 2 (CAEv2) was manufactured by Aearo Technologies, Inc. prior to being taken over by 3M in 2008. The dual-ended 3M CAEv2 combat earplugs served as a standard form of military hearing protection in foreign conflicts for more than a decade, from 2002 to 2016. The 3M military earplugs are made of green and yellow with a double-ended design.Oct 11, 2022 · The litigation, which started back in 2018, after a whistle-blower filed a lawsuit against 3M (MMM) revealing allegations that 3M (MMM) and its subsidiary, Aearo Technologies, had knowingly sold defective dual-ended Combat Arms earplugs to the United States Military. This case resulted in a $9.1m (£8.2m) settlement with the Department of ... Earplug manufacturer 3M announced Tuesday, July 26, 2022, that the company has set aside more than $1 billion to resolve the more than 290,000 pending cases from veterans who claim the company’s ...3M Co on Friday urged a U.S. appeals court to bring to an end lawsuits by service members who say combat earplugs it sold were defective and caused their hearing damage, because the military was ...Of 16 earplug cases that have gone to trial, 3M has lost 10, with about $265 million being awarded in total to 13 plaintiffs. Those verdicts are included in the $6.01 billion amount.3M, the chemical and manufacturing giant, said on Tuesday that it had reached a $6 billion settlement over claims that it sold defective combat earplugs to the U.S. military.Jan 6, 2023 · 3:02. 3M Co. has racked up more than $450 million in defense costs as it struggles to fend off allegations defective earplugs it sold to the US military harmed soldiers’ hearing, court filings ... Jul 27, 2022 · A 3M Co subsidiary on Wednesday criticized the way federal courts have handled 290,000 consolidated lawsuits over allegedly defective earplugs it made for the U.S. military, saying that the ... Apr 4, 2023 · Federal appeals court judges on Tuesday appeared skeptical of 3M's bid to use the bankruptcy of its subsidiary Aearo Technologies to shield itself from nearly 260,000 lawsuits over allegedly ... Law Firms. Third bellwether trial in Pensacola results in $1.7 million against 3M. Jury finds 3M liable for 62% and plaintiff 38% liable. (Reuters) - A federal jury on Friday found that 3M Co ...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.That company is 3M, the St. Paul, Minnesota-based technology and manufacturing giant that supplied a version of Combat Arms earplugs to the U.S. military from 2008 to 2015. Sigmon, 37, has been ...Aug 29, 2023 · FILE - The logo for 3M appears on a screen above the trading floor of the New York Stock Exchange, Oct. 24, 2017. 3M, on Tuesday, Aug. 29, 2023, has agreed to pay $6 billion to settle numerous ... Roughly 260,000 lawsuits have been filed over the earplugs. 3M has agreed to pay $6 billion to settle about 260,000 lawsuits claiming that earplugs that US troops were issued between 2003 and 2015 ...Key Points. 3M must face more than 230,000 lawsuits accusing it of selling defective earplugs to the U.S. military, after a U.S. judge on Friday ruled that the bankruptcy of a subsidiary did not ....

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