3M Stock-Drop Suit Moved To Minnesota After Panel Grants Mandamus Petition

Mealey's (December 4, 2020, 5:20 PM EST) -- PHILADELPHIA — A Third Circuit U.S. Court of Appeals panel on Nov. 18 ruled that a federal district court “clearly and indisputably erred” when it denied a motion to transfer filed by defendants in a securities class action alleging that 3M Co. and certain of its current and former senior executives concealed the truth about the company’s exposure to liability associated with per- and polyfluoroalkyl substances (PFAS) in violation of federal securities laws (In re 3M Co., et al., No. 20-2864, 3rd Cir., 2020 U.S. App. LEXIS 36961)....