3M sues Performance Supply alleging illegal price gouging of N95 face masks [MarketWatch]
3M Company (MMM)
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Source: MarketWatch
3M Co. said Friday it has filed suit in federal court against Performance Supply LLC, alleging illegal price gouging and deceptive practices in the sale of N95 respirators that provide protection against the COVID-19 pandemic. 3M alleges that the New Jersey-based company, which falsely claimed to be a 3M affiliate, had offered to sell $45 million worth of N95 face masks to New York City at prices that were 6 to 7 times (500% to 600%) above 3M's list price. 3M said any damages recovered as a result of the lawsuit will be donated to COVID-19-related nonprofit organizations. 3M said it has not changed prices on face masks since the COVID-19 outbreak. "3M does not - and will not - tolerate price gouging, fraud, deception, or other activities that unlawfully exploit the demand for critical 3M products during a pandemic," said Denise Rutherford, senior vice president of corporate affairs. 3M's stock has lost 18.1% over the past three months, while the Dow Jones Industrial Average has declin
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News
- 3M (NYSE:MMM) had its "overweight" rating reaffirmed by analysts at Barclays PLC.MarketBeat
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- 3M (NYSE:MMM) had its price target raised by analysts at Wolfe Research from $187.00 to $197.00. They now have an "outperform" rating on the stock.MarketBeat
MMM
Earnings
- 10/21/25 - Beat
MMM
Sec Filings
- 12/3/25 - Form 4
- 11/14/25 - Form 4
- 11/14/25 - Form 4
- MMM's page on the SEC website