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.
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Posted on Tuesday, January 23rd, 2007. Filed under: Business Law, Law Misc
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