Haeggquist & Eck Investigates Misstatements & Omissions by 3M’s Directors & Officers regarding Toxic Harm Caused by Use of ...
September 30 2019 - 9:00AM
Business Wire
Haeggquist & Eck, LLP, a leading shareholder rights
litigation firm, is investigating whether certain directors and
officers of 3M Company (“3M” or the “Company”) (NYSE: MMM) breached
their fiduciary duties to 3M and its shareholders. If you are a 3M
shareholder, you are encouraged to contact Amber Eck at Haeggquist
& Eck for additional information.
Haeggquist & Eck is investigating whether certain of 3M’s
directors made false and/or misleading statements regarding: (i)
the fact that the Company’s most lucrative product offerings,
chemicals known as per- and polyfluoroalkyl substances (“PFAS”) are
toxic; (ii) 3M’s decades-long history of suppressing and/or
concealing negative internal evidence and/or damaging data about
PFAS; and (iii) 3M’s exposure to legal liability from the
government 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 May 14, 2019, the State of New Jersey filed a lawsuit against
3M alleging environmental and consumer fraud claims in connection
with making and selling firefighting foam products that contained
toxic chemicals. Noting that nearly one in five New Jersey
residents had received tap water that contained at least trace
amounts of one of these chemicals, some of which have been linked
to cancer, the lawsuit alleged that the companies knew that their
firefighting foam posed a significant health threat. On May 29,
2019, the State of New Hampshire filed an additional two lawsuits
against 3M and others for PFAS contamination, stating that PFAS
contamination had been found in all ten New Hampshire counties. A
Barclays analyst report issued shortly thereafter noted that PFAS
liability for 3M represented real risks to the Company.
What You Can Do
If you wish to discuss this investigation, or have questions
about this notice or your legal rights, please contact attorney
Amber Eck at 619-342-8000 or e-mail her at ambere@haelaw.com
Haeggquist & Eck, LLP is a nationally recognized leader in
shareholder rights law. The firm represents individual investors in
shareholder derivative lawsuits, and members of the firm have
helped shareholders recover more than $1 billion of value for
themselves and the companies in which they have invested.
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version on businesswire.com: https://www.businesswire.com/news/home/20190930005155/en/
Haeggquist & Eck, LLP 619-342-8000 Amber Eck,
ambere@haelaw.com
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