3M files lawsuit against Performance Supply LLC for alleged price gouging by as much as 600%

3M Co has filed a lawsuit against New Jersey-based Performance Supply LLC alleging that it had posed as an authorized 3M vendor of its N95 respirators and had offered millions of them for sale after hiking up their price by as much as 600% over their listed price.

Following the coronavirus outbreak, N95 respirators, which are designed to filter out 95% of airborne particles, are among high demand amog medical professionals as they battle the coronavirus outbreak.

New York City has become the epicenter of the global pandemic.

In its lawsuit filed at a federal court in Manhattan, 3M alleged that Performance Supply “offered to sell $45 million in N95 respirators to New York City officials at prices 500-600% over 3M’s list price.”

According to the lawsuit, Performance Supply offered about 7 million 3M masks to city procurers on March 30 at over $6, up to 600% of 3M’s list price.

Performance Supply did not immediately respond to requests for comments.

In a statement 3M said, it is seeking injunctive relieve as well as damages and will donate any damages recovered from the lawsuit to a COVID-19-related nonprofit organizations.



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