3M, Dupont sued by California AG over poisonous ‘perpetually chemical compounds’ (NYSE:MMM)

California’s legal professional normal introduced a lawsuit Thursday in opposition to 3M (NYSE:MMM), DuPont (NYSE:DD) and different producers of poisonous pollution referred to as “perpetually chemical compounds” for “endangering public well being, inflicting irreparable hurt to the state’s pure sources, and interesting in a widespread marketing campaign to deceive the general public.”

Lawyer Common Rob Bonta stated the lawsuit adopted a multiyear investigation that discovered the businesses marketed merchandise containing polyfluoroalkyl and perfluoroalkyl substances for many years regardless of understanding they trigger most cancers, developmental defects and different well being issues.

Even after 3M (MMM) stopped manufacturing PFOS, “it labored to manage and warp the science on PFAS and to reduce their risks to the surroundings and human well being,” in keeping with the AG’s workplace, including that regardless of 50 years of inner information of PFOA’s well being and environmental dangers, DuPont (DD) stated in 2003 it was “assured that there aren’t any well being results related to [PFOA] publicity” and that PFOA was “not a human well being challenge.”

The lawsuit was filed in Alameda County, which incorporates Oakland, and is the primary statewide authorized motion over PFAS contamination.

DuPont (DD) simply delivered a Q3 earnings beat and unveiled a brand new $5B inventory buyback program that can drive additional EPS enchancment, Junius writes in an evaluation newly revealed on Searching for Alpha.