Participation

The Supreme Court to Decide on Insurer Participation in Bankruptcies, Potentially Impacting the Surge in Mass Tort Lawsuits

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New York, NY – A case coming before the U.S. Supreme Court this term may have far-reaching consequences for the nation’s mass tort lawsuits. The issue at hand is whether insurers should be allowed to participate in bankruptcies where tort claims are involved. Currently, debtors and creditors have the right to participate, but insurers are often left out. The question is whether insurers, who play a role in defending tort cases, should be considered “party-in-interest” and have a say in the bankruptcy process. The Supreme Court will weigh in on this issue in the case … Read more

3M Litigation Settlement Surpasses Expectations, Reaching 98% Participation for Faulty Earplugs Sold to Military

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Minneapolis, Minnesota – 3M Co. announced on Monday that the litigation settlement for its sale of potentially faulty earplugs to the military is expected to surpass the 98% participation threshold by the final registration date of March 25. As the maker of well-known products such as Post-it Notes, Scotch tape, N95 masks, and Command strips, 3M agreed last August to pay a total of $6 billion to resolve over 300,000 lawsuits. These lawsuits alleged that tens of thousands of individuals suffered from hearing loss and tinnitus after using the 3M earplugs. This case has become … Read more