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Law

NY Baby Formula Suppliers Accused Of Price Gouging Agree To $675K Settlement NY Baby Formula Suppliers Accused Of Price Gouging Agree To $675K Settlement
NY Baby Formula Suppliers Accused Of Price Gouging Agree To $675K Settlement Thousands of cans of baby formula are being distributed to families in need across New York after a settlement was reached with two companies accused of illegal price gouging. New York Attorney General Letitia James announced on Monday, Dec. 18, that her office had secured $675,000 worth of baby formula from Marine Park Distribution Inc. and its affiliate, Formula Depot Inc., following an investigation into price gouging during the nationwide formula shortage in 2022. The companies allegedly raised formula prices by more than 60 percent in some cases, with costs doubling for certain product…
Trump Names Ex-SEC Chief To Replace Damian Williams As SDNY's Top Prosecutor Trump Names Ex-SEC Chief To Replace Damian Williams As SDNY's Top Prosecutor
Trump Names Ex-sec Chief To Replace Damian Williams As Sdny's Top Prosecutor President-elect Donald Trump is looking to replace Damian Williams, US Attorney for the Southern District of New York, with a familiar face from his previous administration who hails from Pennsylvania.  Trump announced on Thursday, Nov. 14 that he would nominate Jay Clayton, who has no experience as a criminal prosecutor, to be the next US Attorney for the Southern District of New York.  Clayton, age 58, previously served as Chairman of the US Securities and Exchange Commission from May 2017 to December 2020, a role in which Trump wrote he "did an incredible job." Before that, he…
Ex-NY Attorney Who Stole $800K From Clients Gets Prison Time Ex-NY Attorney Who Stole $800K From Clients Gets Prison Time
Ex-NY Attorney Who Stole $800K From Clients Gets Prison Time A former New York attorney is heading to prison after confessing that he stole hundreds of thousands of dollars from his clients. Former Long Island resident Douglas Valente, age 57, now of Florida, was sentenced to between one and four years in prison in Suffolk County Court on Thursday, Aug. 22. Prosecutors said Valente, the former principal attorney at the Valente Law Group in Stony Brook, stole more than $800,000 from three former clients by taking money from his escrow account. Earlier Report: Former NY Attorney Stole Nearly $1M From Clients, DA Says Among the victims was a cl…