3M defeats investor claim it hid chemical liability risk

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By Clark Mindock (Oct 1, 2021, 3:51 p.m. EDT) – A federal judge in Minnesota has dismissed a lawsuit against 3M, ruling that shareholders failed to meet the high standards necessary to pursue their claims that the company had hidden his risk of liability. linked to toxic “forever chemicals”.

U.S. District Judge Nancy E. Brasel dismissed the lawsuit Thursday, finding that the plaintiffs – shareholders who said 3M submitted financial statements that painted a rosier picture of accountability than reality – no ‘had not satisfied the increased advocacy burden established by the reform of private title litigation. Act.

Judge Brasel said the shareholders made allegations that were “at least similar to the kitchen sink,” meaning …

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