With a proposed settlement worth nearly $40 million, office supply giant 3M is poised to close the books on more than a decade of litigating antitrust suits. In a series of suits, stemming from a 1997 action, a competitor and purchasers accused 3M of abusing its monopoly market power for transparent tape by driving a competitor out of business. Now the last of those antitrust suits is nearing an end, but not without plaintiffs lawyers seeking $13.9 million in fees and nearly $1 million in costs.
January 23, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
With a proposed settlement worth nearly $40 million, office supply giant 3M is poised to close the books on more than a decade of litigating antitrust suits.
In a series of suits, a competitor and purchasers accused 3M — the maker of Scotch tape and Post-It Notes — of abusing its monopoly power in the market for transparent tape by driving a competitor out of business.
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