According to the Complaint, 3M Company 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: manufactured 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.

On October 21, 2019, the Court issued an Order consolidating cases and appointing Lead Plaintiff and Counsel. Lead Plaintiff filed a consolidated amended Complaint on December 19. On December 3, 2020, the Court issued an Order transferring the case to the District of Minnesota.

Defendants filed a Motion to Dismiss the consolidated amended Complaint on January 15, 2021. On September 30, the Court issued an Order granting Defendants' Motion to Dismiss.