This is really a shame, for me this could have been the perfect solution 😪

A U.S. judge on Friday dismissed the bankruptcy of 3M subsidiary Aearo Technologies, rejecting an effort to resolve nearly 260,000 lawsuits alleging that 3M's military earplugs caused hearing loss in veterans and members of the U.S. armed forces.

MMM

3M

MMM
$104.16 $0.24 +0.23%
Capital Structure
Market Cap
57.5B
Enterpr. Val.
68.8B
Valuation
P/E
-8.2
P/S
1.8

U.S. Bankruptcy Judge Jeffrey Graham in Indianapolis ruled that Aearo, as a well-supported subsidiary of 3M, used "a greater degree of financial security than would entitle it to bankruptcy protection."


It's a shame, but the share price is holding up. I was hoping that somehow this would be sorted out and everything would be fine.

It could have been quickly done and forgotten. Well, investment isn't always great right away, and we have to wait here. I'm not selling, and luckily the price didn't react much to it on Friday.

It's not a company that fits into my portfolio. I see a lot of legal problems here and the lawsuits will drag on for years, I don't want to be there.

Well, the price doesn't react that negatively 🤷‍♂️

Oops, so they keep sinking, I guess. I don't own the company, I only started following it based on the frequent mentions here because I was quite interested to see how it would handle so many complications and it's probably still going to be on short what, rather than a return to prices from where they started to fall.

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