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Formula Depot Inc.

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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…

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by Michael Mashburn