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Stock impact report

Maker of Saucony, Merrell sues 3M over Scotchgard chemicals [MSN Money]

Wolverine World Wide, Inc. (WWW) 
Last wolverine world wide, inc. earnings: 4/22 06:30 am Check Earnings Report
Company Research Source: MSN Money
© Bloomberg Signage stands outside the 3M Co. Cottage Grove Center in Cottage Grove, Minnesota. (Bloomberg) -- Wolverine World Wide Inc., the maker of shoe brands like Merrell, Saucony and Cat Footwear, has sued 3M Co., alleging it concealed information about the environmental and health risks of chemicals it sold to make shoes water and stain repellent. Wolverine’s suit says 3M made money by “actively concealing information regarding potential environmental risks known only to 3M.” Load Error The lawsuit was filed Wednesday in Michigan District Court. 3M Co. already faces lawsuits from its long history of making and selling chemicals known as PFAS to other companies, many of which are over their use in firefighting foams. 3M said it disagrees with Wolverine’s allegations, saying in a statement that it has acted “responsibly in connection with products containing PFAS and will vigorously defend its environmental stewardship.” “3M made it, 3M sold it at a Show less Read more
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