Small Retailers Get $40M in 3M Antitrust Suit

Law360, New York (May 21, 2007, 12:00 AM EDT) -- A judge has stuck 3M Co. with a class action settlement worth nearly $40 million, effectively ending more than a decade of antitrust litigation against the company over scotch tape.

The settlement agreement, reached last Tuesday, will also force 3M to pay another $14.5 million in legal fees to Bradburn Parent Teacher Store Inc. and any other people who purchased invisible or transparent tape from 3M at any time from October 1998 to the present.

The suit accused 3M—the maker of Scotch Tape, Post-It notes and...
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