An investigation on behalf of investors in 3M Company (NYSE:MMM) shares over potential wrongdoing at 3M Company was announced and NYSE:MMM stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/11/2022 -- An investigation on behalf of current long-term investors in shares of 3M Company (NYSE: MMM) was announced over potential breaches of fiduciary duties by certain officers and directors at 3M Company.
Investors who purchased shares of 3M Company (NYSE: MMM) have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain 3M Company directors breached their fiduciary duties and caused damage to the company and its shareholders.
On July 29, 2021, a lawsuit was filed against3M Company over alleged securities laws violations. The plaintiff claimed that the 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"). The plaintiff alleges that while publicly denying that PFAS cause harm to humans and the environment, defendants concealed and misrepresented, that 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), that 3M's decades-long history of suppressing negative information and/or damaging data about PFAS, and that 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.
On December 19, 2019, a consolidated amended complaint was filed.
On December 3, 2020, the Court issued an Order transferring the case to the District of Minnesota.
On January 15, 2021, the Defendants filed a Motion to Dismiss the consolidated amended Complaint.
On September 30, the Court issued an Order granting Defendants' Motion to Dismiss.
Those who purchased shares of 3M Company (NYSE: MMM) have certain options and should contact the Shareholders Foundation.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.