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Veterans seek to block 3M health care spinoff, citing earplug lawsuit costs

By: Minneapolis / St. Paul Business Journal via Business Journals

September 02, 2022 at 08:05 AM EDT

3M Co. is seeking to spin out its $8 billion health care business into a separate public company. However, in a new lawsuit, U.S. military veterans are suing to block the move, arguing that those assets should be preserved to pay for the thousands of lawsuits over the company's earplugs.

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Veterans seek to block 3M health care spinoff, citing earplug lawsuit costs