New York sues 3M, DuPont, others over 'forever chemicals' in consumer goods

New York filed suit against 3M, DuPont and other companies alleging they created a public nuisance by knowingly selling toxic "forever chemicals" for use in consumer products. The action raises legal and potential liability risk for the defendants, with the prospect of penalties and remediation costs. Near-term market impact is likely concentrated in impacted industrial chemicals names.

Analysis

New York filed suit against 3M, DuPont and other companies alleging they created a public nuisance by knowingly selling toxic "forever chemicals" for use in consumer products. The action raises legal and potential liability risk for the defendants, with the prospect of penalties and remediation costs. Near-term market impact is likely concentrated in impacted industrial chemicals names.