LePage’s, Inc. Wins $68.4 Million in Antitrust Judgement Against 3M
The 11-member jury deliberated for five days before finding 3M guilty of monopolization of the $275-million tape market. 3M was accused of predatory pricing with retailers in maintaining its more than 90% share of the market.
3M did not dispute many of LePage’s allegations of fact, but contended that its pricing practices with retailers were legal. As late as 1992, the 123-year-old LePage’s held 12% of the U.S. market for transparent tape, but saw that share drop below 6% over the next several years, allegedly in the wake of 3M’s actions.