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3M Taps Big Law Trio to Lighten $33 Billion Liability Load (1)
3M Co. has turned to at minimum a few significant law corporations for aid as it faces mounting liabilities from litigation. The enterprise retained Wachtell, Lipton, Rosen & Katz to advise it on a tax-cost-free spin-off of its $45 billion health and fitness treatment company by the conclusion of 2023, 3M announced Tuesday. The enterprise will retain a about 20{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73} stake in the health-related provides organization that it will offer off around time, 3M claimed in a statement. White & Circumstance is advising 3M on a individual bankruptcy continuing it has initiated for Aearo Systems LLC, an Indianapolis-dependent company acquired by 3M in 2008 that allegedly built faulty battle earplugs.…