bankruptcy shield News

U.S. Military Members Suing 3M Seek Dismissal of Subsidiary’s Bankruptcy

Current and former U.S. military members suing 3M over allegedly defective military earplugs have asked a U.S. judge to dismiss 3M subsidiary Aearo Technologies‘ bankruptcy, accusing the company of using bankruptcy to shield itself from litigation, which has grown into …

Special Report: Corporate Chiefs Dodge Lawsuits Over Sexual Abuse, Deadly Products

Hollywood producer Harvey Weinstein’s rape conviction landed him in prison. Allegations of serial sexual abuse cost him his career and his movie studio. His company went bankrupt and later settled legal claims by about 50 women. But one group of …

J&J Defends Baby Powder Bankruptcy Strategy Cancer Plaintiffs Call ‘Rotten’

A Johnson & Johnson subsidiary came under attack in court on Monday for attempting to use the bankruptcy process to resolve tens of thousands of claims that its baby powder and other talc-based products caused cancer. The subsidiary, LTL Management, …

Shock Rejection of Purdue Pharma Opioid Deal Raises Scrutiny by Bankruptcy System

The surprise rejection of Purdue Pharma LP’s sweeping opioid settlement is already reverberating through the rest of the bankruptcy system. Ascena Retail Group, the former owner of women’s fashion brands including Ann Taylor and Lane Bryant, is the latest company …

With Opioid Litigation Mounting, Purdue Pharma Exploring Bankruptcy: Reuters

OxyContin maker Purdue Pharma LP is exploring filing for bankruptcy to address potentially significant liabilities from thousands of lawsuits alleging the drug manufacturer contributed to the deadly opioid crisis sweeping the United States, people familiar with the matter said on …

Judge: Gawker Founder Can’t Halt Hulk Hogan From Enforcing Verdict

Gawker Media founder Nick Denton lost his latest bid to halt enforcement of the $140 million verdict won by Hulk Hogan in an invasion-of-privacy lawsuit, according to a court document provided by the former pro wrestler’s attorney. Florida Judge Pamela …

Hulk Hogan Moves to Take Down Gawker’s Liability Shield in Bankruptcy

Hulk Hogan, stymied by the bankruptcy filing of Gawker Media in the midst of a legal battle over a sex tape, is fighting back using the tools of Chapter 11 law. Hogan, unable to collect a $140 million jury verdict …

Losing Bankruptcy Liability Shield Could Cost GM $2 Billion

Jesse Salazar III says an ignition- switch flaw in his 2008 Chevrolet HHR has depressed its value, and he wants manufacturer General Motors Co. to make it up to him. GM will argue in court filings later today that it …