Third Circuit Sides with 3M, Sending PFAS Securities Fraud Class Action to Minnesota
The Third Circuit Court of Appeals ruled in 3M’s favor, sending a securities fraud class action—alleging that 3M underrepresented its potential PFAS-related liability and failed to maintain adequate reserves for such liabilities—from New Jersey to Minnesota. The Court emphasized that, despite the environmental harms involved being in New Jersey, other factors, such as the location…