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Session Ten (Tuesday, March 22, 2022) – Navigating the Challenges of Food Price Gouging Claims
The pandemic ushered in many price gouging lawsuits. Price gouging law generally is tethered around state statutes and makes it illegal for individuals and companies to take advantage of a disaster by offering food or other necessities at “exorbitant” or “excessive” prices.
- But what constitutes “exorbitant” or “excessive” pricing?
- Do the statutes always define those or similar words?
- Which price is appropriate to compare to the disaster-time pricing?
- How do we know when the disaster has ended?
- Do price gouging statutes sufficiently account for pricing cycles in commodity markets?
- What if a company sells items to a buyer who distributes them to multiple states, each defining “exorbitant” and “excessive” differently, or sometimes not at all?
Join us to discuss the complexities of price gouging law, how it applies (or doesn’t) and ideas about navigating those risks.
Original source can be found here.