3M Company (MMM)

[DewDiligence]

3M—Federal judge allows transfer of earplug litigation to bankruptcy court:

https://www.wsj.com/articles/judge-knocks-3m-bankruptcy-strategy-for-military-earplug-lawsuits-11660578963

The bankruptcy court itself must still approve the transfer of jurisdiction, but the decision in the link above was a major hurdle that has now been overcome.

p.s. I can read only the first few sentences of the above article b/c it the full article is available only through a WSJ Pro subscription. Still, I can see enough of the article to understand what it all means.