An investigation for investors in 3M Company (NYSE: MMM) shares over potential securities laws violations by 3M Company was announced and NYSE: MMM stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/21/2019 -- 3M Company is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of 3M Company (NYSE: MMM), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether certain statements by 3M Company regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
St. Paul, MN based 3M Company develops, manufactures, and markets various products worldwide. On April 25, 2019, 3M Company reported its financial and operating results for the first quarter of 2019, which fell significantly short of market expectations. 3M Company announced a $548 million charge in the quarter to resolve current and future litigation, reflecting a reserve of $235 million for "certain environmental matters and litigation" and an additional $313 million to address current and expected coal mine dust lawsuits in Kentucky and West Virginia. 3M Company also announced plans to cut 2,000 jobs worldwide as part of a restructuring due to a slower-than-expected 2019, and lowered its full-year earnings guidance to a range of $9.25 to $9.75 per share, compared to its prior outlook of $10.45 to $10.90 per share.
Those who purchased shares of 3M Company (NYSE: MMM) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
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.