3M Co.'s recent indemnification agreement with its Aearo Technologies LLC subsidiary “created” the financial distress that allowed earplug maker Aearo to seek bankruptcy protection, casting doubt on 3M’s ability to halt veterans’ hearing-loss litigation, the federal judge overseeing the suits said at a hearing Thursday.

Infowars’ parent company has asked a bankruptcy court for more flexibility in its budget amid a “surge” in product sales that the business said could climb to $450,000 per day.

Harvey Weinstein’s brother can collect up to $2.3 million in profits from “Scream 4" because The Weinstein Co.’s agreement to sell its film library to Spyglass Media Group LLC allowed him to retain his rights to the money, a district court ruled.

Debtholders for Avaya plan to call a default if fails to file its quarterly results by the end of a grace period. At least three issuers are said to be potentially looking to bring deals in the high-grade market Thursday.

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One of the last issues in the bankruptcy of Lehman Brothers has been resolved, handing a potentially huge win to a clutch of distressed investors led by Deutsche Bank AG.