Federal Court Dismisses Investor Suit Against 3M Related to PFAS Liability Risk
Judge Nancy E. Brasel of the District Court of Minnesota dismissed an investor suit against 3M, ruling that stockholders had not met the heightened pleading burden established by the Private Securities Litigation Reform Act to proceed with allegations that 3M hid its liability risk related to PFAS. Judge Brasel determined that the complaint failed to establish that 3M’s financial statements knowingly downplayed the likely chance of further liabilities incurring from 3M’s historic manufacture of PFAS chemicals.
September 30, 2021 | In re 3M Company Securities Litigation No. 20-cv-2488 (D.MN.)
