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Avery Dennison: Judge Rejects 3M Injunction On OmniCube

DOW JONES NEWSWIRES Avery Dennison Corp. (AVY) said a U.S. judge has rejected 3M Co.'s (MMM) request to stop Avery from selling a type of sheeting that makes road signs more reflective at night. A representative for 3M said that the company was disappointed in the ruling but that it hasn't had a chance to review the decision or evaluate its options. According to a press release from Avery Dennison, Chief Judge Michael J. Davis of the United States District Court in Minnesota denied an injunction filed by 3M to prevent Avery Dennison from selling it OmniCube, based on a patent-infringement claim. The judge said Avery Dennison had raised a substantial question of the patent's validity, according to the office-supplies and label manufacturer. Avery Dennison had previously filed complaints in response to 3M's injunction request over OmniCube. In October, Avery Dennison claimed 3M was unlawfully monopolizing markets for the reflective sheeting, alongside claims of fraud and false advertising. Avery Dennison's earnings have rebounded in the past several quarters, sometimes sharply. While profit rose a meager 2.7% as margin deterioration masked revenue growth in its latest quarterly results, the results were better than expected and the company raised its forecast for the year. Meanwhile, 3M--which makes thousands of products ranging from Post-It notes to furnace filters and power lines--has reported stronger sales recently. In recent trading, shares of Avery Dennison were up 0.7% to $42.52. 3M's shares were up 0.4% to $86.88. -By Joan E. Solsman, Dow Jones Newswires; 212-416-2291;

Stock News for Avery Dennison (AVY)
11/20/201511:53:44Statement of Changes in Beneficial Ownership (4)
11/10/201511:32:03Statement of Changes in Beneficial Ownership (4)
11/09/201516:41:24Statement of Changes in Beneficial Ownership (4)
11/03/201518:29:02Statement of Changes in Beneficial Ownership (4)
11/03/201516:52:28Statement of Changes in Beneficial Ownership (4)
11/03/201516:36:22Quarterly Report (10-q)
11/03/201516:20:11Statement of Changes in Beneficial Ownership (4)
11/02/201514:52:55Statement of Changes in Beneficial Ownership (4)
10/29/201507:02:39Current Report Filing (8-k)
10/29/201506:45:00Avery Dennison Announces Third Quarter 2015 Results
10/23/201517:01:58Current Report Filing (8-k)
10/22/201517:00:00Avery Dennison Declares Quarterly Dividend
10/18/201520:16:00Why You May Soon See More Goods Labeled 'Made in Vietnam'
10/15/201521:00:00Avery Dennison to Webcast Third Quarter 2015 Earnings Conference...
09/17/201514:00:00Avery Dennison Expands Kunshan Plant and Adds New Coater to Meet...
09/15/201509:31:00Consumer Goods Sector Equities in Motion -- Pitney Bowes, VeriFone...
09/10/201509:00:00Avery Dennison to Cut Absolute Emissions by at Least 26 Percent...
09/03/201516:30:00Avery Dennison to Present at Investor Conference on September...
08/19/201511:06:38Statement of Changes in Beneficial Ownership (4)
08/04/201514:16:48Quarterly Report (10-q)

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