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Price Gouging

Business
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
News
Longshoremen Strike: Hundreds Of NY, NJ Dockworkers On Picket Lines Longshoremen Strike: Hundreds Of NY, NJ Dockworkers On Picket Lines
Longshoremen Strike: Hundreds Of NY, NJ Dockworkers On Picket Lines Thousands of longshoremen along the East and Golf coasts are on strike in a move that could heavily impact the economy and make it harder to get goods and services. In Elizabeth, NJ, the strike began on Tuesday, Oct. 1 outside Maher Terminal where hundreds of dockworkers rallied. CBS News, citing the Port Authority of NY and NJ, said most operations have been shut down due to the strike. Daily Voice has reached out the Port Authority for comment. The Port Authority said it has been working closely with the commercial trucking industry to ensure cargo containing essential goods, medical sup…

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by Sam Barron
Business
AG On Lookout For Price Gougers Cashing In On Recent Long Island Flooding AG On Lookout For Price Gougers Cashing In On Recent Long Island Flooding
AG On Lookout For Price Gougers Cashing In On Recent Long Island Flooding State leaders are on the lookout for businesses hoping to cash in on the recent flooding that hit Long Island. New York Attorney General Letitia James issued an alert warning businesses against price gouging on essential items in Suffolk County.  It comes after a federal emergency was declared in response to widespread flooding that damaged several homes and washed out roads. “As families in Suffolk County recover from the devastating aftermath of last week’s storm, I am warning businesses not to use this as an opportunity to unfairly raise prices,” James said. Earlier Report:&nbs…

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by Michael Mashburn