Thoughts about the impact on the company???

What are the bets?

Updated Aug 26, 2022, 3:33pm CDT Court rejects 3M effort to block combat earplug lawsuits with subsidiary's bankruptcy filing

Any potential layoff to be announced soon?

Please do the honorable thing and step aside. Employees, shareholders, and stakeholders have all suffered for long enough under your leadership. You have to accept that your best efforts and best ideas are not working. Doubling down on failed ideas... — read more 

It’s not even a secret anymore. On a daily basis I see people with good technical skills leaving this company at the first sight of any other opportunity. The sad thing is that I don’t see any efforts to replace the people who leave, much less to... — read more 

When

Will the 100 slide powerpoint decks matter and result in anything?

Will it be after the spin-off of health care which gives its last boost to share price?

8/2/2022 - Vale sold 36,711 shares valued at $5,267,813. Average price $143.26 Maybe he knows something is upcoming?

Who is running the spin?

This thing is going down fast

Do you think many of the high salaried staff would be moved over?

July 26th , 2022 Finally 3M breaks up in 2 pieces with Healthcare division to be spun out in 2023. Formal announcement done yesterday after many months of speculation and rumors. Multiple years of mismanagement at every level, esp the clusterfkuc... — read more 

Working here has taught me that unless you're willing to change who you are and turn into an a-s-kissing corporate stooge you'll never make any progress and your working conditions will deteriorate rapidly. That's the only thing that matters here... — read more 

Can we please consolidate all the lawsuit information here? It will be good to have it all in one place. Plus, the board is getting cluttered and other information is getting lost. The lawsuit is important and it will have far-reaching consequences... — read more 

The coming months will involve a massive shift in focus. Waves of individual cases—500 at a time—are proceeding with plaintiff-specific discovery and complete work up for trial. This Court will adjudicate all case-specific Daubert and summary... — read more 

https://www.lawsuit-information-center.com/amp/when-will-your-3m-earplug-lawsuit-settle.html

How can we claim 3M is criminal and should be culpable for the earplugs lawsuit, when we have only tried 19 cases in court? Shouldn't the sample set be much larger to get a scientifically accurate estimate? Who knows maybe 3M ran out of luck in the... — read more 

Does 3M own this site?

What happens if there is no settlement in the case trials?

Found a great video that talks of all the major events in the veteran lawsuit since 2011. https://m.youtube.com/watch?v=6XvvlzN-x5Q The video talks of fraudulent patents as a root cause of the veterans lawsuit.

Would 3m give a fair settlement value to veterans? Would the lawyers push back in case an unfair settlement value is given? Would the media cover the settlement? Where will the company pay PFAS fines if it loses everything here?

Here is a site of a reputed law firm involved in the veterans lawsuit to stay up to date about the latest developments. https://www.millerandzois.com/amp/combat-arms-earplug-lawsuit.html

Prepare to be lowballed veterans!

The company has been publishing fraudulent patents for years now. I felt the dishonesty amongst the company deserves to be out in the open, almost none of their parents had gone through any academic review some even asserting things that were... — read more 

My lawyers told me realistically I can expect only $20000 that is way lesser than what was expected in the settlement. I have permanent damage to my ears and my quality of life has b been seriously effected by their faulty earplugs. Where is the... — read more 

The company is well known for screwing with large numbers of people, be it veterans or be it people poisoned with PFAS both in the US and outside. How can a multi billion dollar conglomerate sc--w over so many people and still be in operation, in a... — read more 

Most of their parents were baseless and lacked substance. When cream like that gets included in product, the result is a class action lawsuit, followed by bankruptcy. Why should I on the warehouse floor, pay the price for sketchy work done else where... — read more 

Lack of career advancement is really getting me down here. I've been stuck in a job with no progression for too long. This is one of the main reasons I intend to leave. I think that hardly anyone is satisfied with their career progression in this... — read more 

3M Co. shares have declined -25.5% year to date versus the Zacks Diversified Operations industry’s decline of -22.1%. The Zacks analyst believes that headwinds related to raw material and logistics cost inflation are hurting 3M’s bottom line. Supply... — read more 

The thread is getting too heated with pfas lawsuits, veterans lawsuits, bad management and high attrition rates discussions. To cool things off a bit, let’s change course and discuss stock predictions: what do folks think will be the stock value by... — read more 

2q earnings charge

I hear executives say things like “we arent going bankrupt” but i dont hear the justification behind why the lawsuits wont be a fatal blow to the company? Where is the case for optimism for our company? Is there one? What does the scenario look like?... — read more 

I joined 3m an year ago and recently started following the MDL trials. The first sixteen trials have resulted in an average payout of about $5 million per case. I learnt that there are about 288 thousand cases in total. The projections look scary and... — read more