A PYMNTS Company

U.S.: Reports of inflated prices on essentials spike in Sandy’s wake

By  |  November 6, 2012
U.S.: Reports of inflated prices on essentials spike in Sandy’s wake

In the aftermath of Hurricane Sandy, disaster-stricken New York City has reportedly faced a decrease in crime. Crime complaints have increased, however, for criminal activity often seen in the wake of a natural disaster, such as looting. Now, reports are suggesting that price-gouging has also increased. The state’s Attorney General Eric Schneiderman announced Monday that his office will investigate the hundreds of complaints filed against a wide range of businesses, including sellers of food, water, gas and hotel rooms, accusing those businesses of inflating prices and taking advantage of their competition crippled by the hurricane. While AG Schneiderman declined to say specifics, it was reported that complaints came from New York City, the Hudson Valley and Long Island.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Law360

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.