As COVID-19 continues to impact communities across the
country-causing many state and local authorities to extend (or
reinstate) emergency orders and other pricing restrictions-the road
companies must travel to implement price increases (no matter how
justifiable) continues to be littered with price-gouging statutes
that, if not skillfully navigated, can lead to costly exposure.
Because price gouging is currently governed by state law, with each
state setting its own requirements, ensuring compliance on a
national scale is difficult, expensive, and fraught with pitfalls.
But there are actions companies can take to minimize the risk of a
collision with state attorneys general and/or class actions filed
by private litigants.
This Jones Day White Paper outlines the most important aspects of, and differences among, the current state statutes, the issues companies often face in determining whether and how to implement a price increase, and tips companies can use to avoid, or at least minimize, the bumps in the road to obtain a smoother ride.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.