$3M(MMM)$  bearish 3M (NYSE: MMM) is trapped in a legal quagmire, posing major questions to its investor base. The conglomerate is wrestling with two major lawsuits, one tied to earplugs supplied to the U.S. military and another linked to its use of forever chemicals. A resolution has been reached for the latter with up to a whopping $12.5 billion payout, but the earplug lawsuit remains uncertain.

On top of that, its business is struggling under the weight of the current challenging economic conditions. Moreover, the idea of cutting dividends to alleviate the pressure on earnings might seem like an obvious viable fix. However, 3M’s Dividend King status complicates the situation as a cut would likely sour investor sentiment. 3M can ill afford such a move with the stock down by more than 15% year-to-date. Until there’s clarity on these matters, MMM is a blue-chip stock you want to sell.