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Anyone heard about this? Ridgid to file bankruptcy @ 2022 year end?


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Curious if anyone else has heard anything about this? 

About 2 years ago I started buying into the Ridgid line of cordless power tools, mostly for the lifetime warranty on batteries. 

A few weeks ago I was in an area Home Depot and started chatting with an employee. The employee said a Ridgid representative that was at the store recently told them that Ridgid plans to file bankruptcy at the end of 2022. I mentioned the lifetime warranty, and he said it'll be gone when/if that happens. 


Thankfully I'm only 4 tools deep into Ridgid... But did plan to buy a couple more.

Anyone else heard anything about this? 

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