Our colleague Marissa Koblitz Kingman has authored a client alert addressing efforts by New Jersey Attorney General Gurbir Grewal to vigorously enforce the state’s price gouging law during the COVID-19 pandemic. Price gouging violations are punishable by up to a $10,000 fine for the first violation and $20,000 for the second and subsequent violations. Businesses that violate the law may also be required to pay consumer restitution, attorney’s fees and investigative fees. Importantly, each sale of merchandise is considered a separate violation. You can read the alert here.
Please check out Fox Rothschild’s coronavirus resource page, which is available here.
For more up-to-date coverage from Tax Controversy and Financial Crimes Report, please subscribe by clicking here.