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…
3M investors, who filed suit against the company in December 2019 over its alleged PFAS-related liabilities, are now urging the Third Circuit Court of Appeals to keep their suit in New Jersey. The plaintiff-investors contend that the case was “commenced in New Jersey by a New Jersey pension fund serving New Jersey beneficiaries” and, as…
In a putative class action alleging 3M hid evidence of PFAS toxicity, 3M asked the U.S. District Court for the District of New Jersey to transfer the case to Minnesota federal court. Although the proposed class will likely include a fair number of New Jersey residents, the Court found that balancing private and public interest…