Morning Wine Cellar, Patreon Early Access - 3M Reaches $10.3 Billion Settlement

In a victory for 3M (NYSE:MMM), DuPont (DD), Corteva (CTVA), Chemours (CC) and other manufacturers of toxic "forever chemicals," the 6th U.S. Circuit Court of Appeals on Monday vacated a lower court's ruling that would have allowed nearly 12M Ohio residents to sue the companies as a group in a class action lawsuit.

The court ruled the lead plaintiff had filed too broad a complaint against the manufacturers, and had not shown the PFAS substances found in his body could be traced directly to the companies.

"Seldom is so ambitious a case filed on so slight a basis," the judge in the case wrote, noting there are thousands of companies that have manufactured PFAS chemicals but just 10 were listed as defendants.