Cracking Down on COVID-19 Price Gouging: Avoid Liability with Strong Corporate Compliance

Among the countless challenges caused by COVID-19, the pandemic has wreaked havoc on supply and demand patterns nationwide. Shortages of medical, sanitary, and food supplies have led to numerous reports of commercial hoarding and “price gouging,” which only exacerbates the shortages.

In response, state attorneys general around the country and the U.S. Department of Justice (DOJ) have ramped up enforcement efforts against both individuals and businesses engaging in these unlawful practices. As COVID-19 continues to disrupt market conditions, companies should proactively adjust their policies and procedures to ensure compliance with all applicable law when making purchasing, supply, and pricing decisions.

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