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A lawyer for Johnson & Johnson’s subsidiary said in a statement that the company would seek a rehearing of the panel’s decision by the full 3rd Circuit court. Gordon’s strategy worked in bankruptcy court but set up J&J for failure when it faced the 3rd Circuit appeals panel. Gordon, at the bankruptcy conference, described the lawsuits as “completely unmanageable” and a dire threat to J&J that could go on for decades. The 7th Circuit Court of Appeals is expected to hear arguments in coming months on a challenge to the 3M subsidiary’s bankruptcy. The litigation, they asserted, should be allowed to proceed against Georgia-Pacific because the parent company did not file for bankruptcy.

☆ 3M Tries to Contain Legal Battles Over ‘Forever Chemicals,’ Earplugs
▼ + stars: | 2023-01-03 | by ( Bob Tita | ) www.wsj.com time to read: 1 min

3M recently said it would wind down production of PFAS, or ‘forever chemicals,’ so named because they take a long time to break down in the environment. 3M Co.’s decision to quit making “forever chemicals” represents a tactical retreat aimed at containing its potential liability over its products in legal fights expected to last for years, analysts say. 3M is defending itself against allegations that chemicals and products it has made for decades have contaminated drinking water and pose health risks. Legal and industry analysts expect 3M to be engaged for years in remediating alleged soil and water contamination from forever chemicals, which have been used in industrial and consumer products including nonstick cookware, carpeting and firefighting foam.

☆ Stocks making the biggest moves premarket: Tesla, Nutanix, Meta and more
▼ + stars: | 2022-12-23 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines before the bell:Tesla (TSLA) – Tesla CEO Elon Musk said he would refrain from selling any more Tesla stock for 18 to 24 months. Tesla gained 1.2% in the premarket. Nutanix (NTNX) – Nutanix tumbled 16.6% in the premarket following a report that Hewlett Packard Enterprise (HPE) has ended talks to acquire the cloud computing company. Meta Platforms (META) – Meta and users of its Facebook platform settled a privacy class action lawsuit, with Meta agreeing to pay $725 million. Oilfield services stocks – Halliburton (HAL) gained 1.4% in the premarket, with Schlumberger (SLB) up 1.3% and Baker Hughes (BKR) rising 1%.

☆ Stocks making the biggest moves midday: Mission Produce, Nutanix, Alphabet, Tesla and more
▼ + stars: | 2022-12-23 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Energy — Energy stocks outperformed on the S&P 500 following a rise in oil prices, which jumped Friday on expectations of a drop in Russian crude supply. Biogen — The biotech stock declined fell slightly after Biogen's Japanese partner Eisai said a third person has died during a trial of their experimental Alzheimer's treatment, confirming Reuters reports. Carnival , Norwegian Cruise Line — Cruise line operators declined as fears of a recession weighed on consumer discretionary stocks, which was one of three worst performers in the S&P 500. Shares of Carnival were down more than 4%, while Norwegian Cruise Line was down more than 2%. Mission Produce — Shares of the avocado producer dropped more than 14% after the company reported financial results for its most recent quarter.

A conflict could arise in the future, if, for example, Aearo and 3M disagreed about the terms of a future settlement, Graham said. If that happened, Kirkland could face disqualification, loss of fees, or even potentially the dismissal of Aearo's bankruptcy case, according to the judge. Kirkland has defended 3M in the MDL, and it represents Aearo in the bankruptcy case that was meant to spur a settlement of the earplug lawsuits. The plaintiffs and the U.S. Department of Justice's bankruptcy watchdog sought to disqualify Kirkland from representing Aearo in the bankruptcy, saying it could not faithfully serve both Aearo and 3M. The case is Aearo Technologies LLC, U.S. Bankruptcy Court for the Southern District of Indiana, No.

☆ 3M warns of weak consumer spending, cuts full-year forecast
▼ + stars: | 2022-10-25 | by ( Kannaki Deka | ) www.reuters.com time to read: +2 min

Oct 25 (Reuters) - Post-it maker 3M Co (MMM.N) said on Tuesday it expected weak consumer spending to continue into the upcoming holiday season and cut its full-year forecasts, echoing broader concerns of an uncertain economic environment. "Consumer spending continues to be weak," 3M Chief Financial Officer Monish Patolawala said on a post-earnings call with analysts. That cut in spending has also impacted 3M, which makes equipment such as electronic accessories and power cable connectors. The diversified manufacturer, which gets 60 percent of its revenue from outside the United States, cut its full-year revenue and profit forecasts earlier on Tuesday, while also citing ongoing macroeconomic and geopolitical uncertainty. 3M reported third-quarter revenue of $8.62 billion, missing the average analyst estimate of $8.70 billion, according to Refinitiv data.

☆ 64-year-old retiree who left the U.S. for Mexico: 7 downsides of living in a beach town for $1,200 per month
▼ + stars: | 2021-04-06 | by ( Janet Blaser | ) www.cnbc.com time to read: +8 min

Janet Blaser moved to Mazatlán, Mexico in 2006, after falling in love with the beach town during a vacationMore than a decade has passed since I moved to Mazatlán, Mexico from California and retired. Once the honeymoon period is over, here are some downsides of leaving the U.S. for a beach town in Mexico:1. Unbelievably high noise levelsIf you've been to Mexico, you know that noise levels are often through the roof. Some, yes, but there will still be many, many things you'll miss. In many Mexican towns, city water (e.g.

Persons: Janet Blaser, I'd, Cotton, you've, Russell Monk, Getty, Joe's, I'm, I've, it's, you'll, isn't, Covid Organizations: U.S, Electronics, Facebook Locations: Mazatlán, Mexico, California, Yucatan, Caribbean, Puerto Vallarta

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