An investigation on behalf of investors of 3M Company (NYSE: MMM) shares over potential securities laws violations by 3M Company and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of 3M Company (NYSE: MMM) concerning whether a series of statements by 3M Company regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

St. Paul, MN based 3M Company develops, manufactures, and markets various products worldwide. On April 25, 2019, 3M Company reported its financial and operating results for the first quarter of 2019, which fell significantly short of market expectations. 3M Company announced a $548 million charge in the quarter to resolve current and future litigation, reflecting a reserve of $235 million for certain environmental matters and litigation and an additional $313 million to address current and expected coal mine dust lawsuits in Kentucky and West Virginia. 3M Company also announced plans to cut 2,000 jobs worldwide as part of a restructuring due to a slower-than-expected 2019, and lowered its full-year earnings guidance to a range of $9.25 to $9.75 per share, compared to its prior outlook of $10.45 to $10.90 per share.