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Stock impact report

3M Files Lawsuit in Florida in Alleged N95 Price Gouging Attempt of the Strategic National Stockpile

3M Company (MMM) 
Last 3m company earnings: 4/28 06:30 am Check Earnings Report
US:NYSE Investor Relations: investors.3m.com/overview/default.aspx
Company Research Source: Business Wire
3M has also filed legal actions in New York, Texas, and California in the past week as part of its national and global efforts to fight price gouging and counterfeiting ST. PAUL, Minn.--(BUSINESS WIRE)--3M filed a legal action today in federal court in Florida against an Orlando-based defendant that twice attempted to fraudulently sell tens of millions of likely nonexistent 3M N95 respirators at grossly inflated prices to the federal Division of Strategic National Stockpile, all the while falsely affiliating itself with 3M.The defendant falsely blamed the prices on 3M, claiming that 3M had changed prices “several times” in just a few days when 3M has not changed the prices it charges for respirators.The Complaint seeks injunctive relief to require Geftico LLC to cease its illegal activities, and also requests damages. 3M will donate any damages recovered to COVID-19-related nonprofit organizations.“3M will continue to take action against those who exploit the demand for N95 respir Show less Read more
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