Appellate judges let a lawyer for 3M Co. and its bankrupt subsidiary get about a minute into his opening argument before inundating him with questions about why a bankruptcy liability shield should be extended to 3M.
Former US Solicitor General Paul Clement argued on Tuesday that a bankruptcy court’s refusal to extend liability protection to 3M against ongoing litigation over faulty earplugs was based on a misunderstanding of bankruptcy law and a funding agreement between 3M and its unit Aearo Technologies LLC.
The case before the US Court of Appeals for the Seventh Circuit weighs the core question of a ...
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