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Aearo did continue to exist on paper, however, as a corporation or LLC wholly owned by 3M.
Source: https://www.lawsuit-information-center.com/when-will-your-3m-earplug-lawsuit-settle.html
But Aearo couldn’t file bankruptcy without any assets or the whole transaction would obviously be fraudulent.
Source: https://www.lawsuit-information-center.com/when-will-your-3m-earplug-lawsuit-settle.html
The motion argues that the stay should not apply to these cases because they do not involve claims of direct liability against Aearo.
Source: https://www.lawsuit-information-center.com/13-million-3m-earplug-verdict.html