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3M Fights Off Investor Suit on ‘Forever Chemicals’ Liability

Oct. 1, 2021, 5:44 PM

3M Co. is free of accusations it misled investors about the extent of its potential liability in “forever chemicals” litigation after a federal judge in Minnesota ruled the complaint failed to adequately allege wrongdoing.

Investors say the manufacturing conglomerate misled them about the liability it faced for manufacturing and disposing of toxic man-made per- and polyfluoroalkyl substances, or PFAS, also called “forever chemicals” for their ability to linger. Their complaint didn’t properly allege 3M made a material misrepresentation or acted intentionally, the U.S. District Court for the District of Minnesota said.

A “critical question” in determining if dismissal is ...

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