3M Company Securities Litigation

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Lawsuit Overview

Defendant:3M Company
Date Filed:July 29th, 2019
Sector:Health Care
Industry:Medical/Dental Instruments
Class Start Date:February 9th, 2017
Class End Date:July 8th, 2019

According to the Complaint, 3M is an American multinational conglomerate corporation that produces a variety of chemical substances and related products.

The Complaint alleges that during the Class Period, Defendants made materially false and misleading statements and/or failed to disclose adverse information regarding 3M's business and operations. Specifically, the Complaint alleges Defendants failed to disclose the extent of the Company's exposure to legal liability associated with 3M's most lucrative product offerings: man-made chemicals known as per- and polyfluoroalkyl substances ("PFAS"). While publicly denying that PFAS cause harm to humans and the environment, the Complaint alleges Defendants concealed and misrepresented: (i) 3M's vast internal evidence dating back decades confirming that PFAS are toxic (which was first publicly revealed in February 2018 by Minnesota's Attorney General); (ii) 3M's decades-long history of suppressing negative information and/or damaging data about PFAS; and (iii) 3M's legal exposure to state, county, and local governments and individuals around the country as a result of its knowledge and intentional concealment of the toxic harm caused by the use of PFAS.

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First Identified Complaint

Heavy & General Laborers' Locals 472 & 172 Welfare Fund, et al. v. 3M Company, et al.

Date Filed:July 29th, 2019
Class Period Start:February 9th, 2017
Class Period End:July 8th, 2019
First Identified Complaint Filings
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