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DewDiligence

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Re: santafe2 post# 27211

Monday, 01/30/2023 2:31:46 PM

Monday, January 30, 2023 2:31:46 PM

Post# of 29422
The distinction between the JNJ and 3M cases is that JNJ created a subsidiary out of thin air to hold the parent company's talc liabilities, while 3M's Aearo subsidiary (now in bankruptcy) has existed since 3M acquired the company back in 2007 (https://news.3m.com/2007-11-15-3M-to-Acquire-Aearo-Technologies-Inc-,-Global-Leader-in-Personal-Protection-Equipment ).

Whether this distinction will ultimately matter to the courts is unclear, but 3M's use of the bankruptcy court strikes me as less deceitful than JNJ's.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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