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3M Taps Big Law Trio to Lighten $33 Billion Liability Load (1)
3M Co. has turned to at least three big regulation corporations for guidance as it faces mounting liabilities from litigation. The business retained Wachtell, Lipton, Rosen & Katz to advise it on a tax-cost-free spin-off of its $45 billion health treatment business by the end of 2023, 3M declared Tuesday. The organization will hold a roughly 20{c024931d10daf6b71b41321fa9ba9cd89123fb34a4039ac9f079a256e3c1e6e8} stake in the health-related provides enterprise that it will sell off about time, 3M claimed in a statement. White & Circumstance is advising 3M on a bankruptcy continuing it has initiated for Aearo Systems LLC, an Indianapolis-primarily based corporation purchased by 3M in 2008 that allegedly produced defective beat earplugs. Kirkland & Ellis…
