A New Jersey company tried to sell 3M masks to New York City at a significant markup from the listed price, according to a lawsuit filed by 3M against the company.
"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," Denise Rutherford, 3M's Senior Vice President, Corporate Affairs, said in a statement The company, Performance Supply LLC, tried to sell $45 million worth of masks at markups up to 500% to New York City officials while falsely claiming to be affiliated with the larger manufacturer, 3M alleged in the lawsuit.
Now let's sue governors and mayors who are now dictators. They need to be held accountable for the police state we now live in.
Interesting thought on cost of labor and our willingness to outsource goods and services for profit the price gouging from companies is a supply and demand issue when in demand and supply is low prices tend to up but government has been known to pay 500 for a hammer anyway
jesserpound Trump was right in this case with insuring their US made products first met the needs of our country! Much like training on an airplane, to help others, one must first make sure we are 'secured'. I also understand 3M's concern for their global customers.
Great
A SAD day in any country to see anyone price gouging supplies when our doctors and nurses need them. MY WIFE IS A DOCTOR JUST came back from NY were she was helping Nurses at the beginning had very little supplies but now it is better. ANYONE who gouging should be put in jail.
Is the warm up to sue the Federal Government?
Great move!
3M better behave... or they gonna be 2M...
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNN - 🏆 4. / 95 Read more »