3rd Circuit: 3M Shareholder Case Related To PFAS Liability Belongs In Minnesota

Mealey's (November 20, 2020, 12:46 PM EST) -- PHILADELPHIA — A panel of the Third Circuit U.S. Court of Appeals on Nov. 18 ruled that a shareholder class action claiming that the 3M Co. and its officers concealed the truth about the company’s exposure to liability associated with per- and polyfluoroalkyl substances (PFAS) in violation of federal securities laws belongs in Minnesota federal court because claims based on false statements or omissions arise in the district where they occurred (In re 3M Co., et al., No. 20-2864, 3rd Cir.)....