Government,
Administrative/Regulatory
May 20, 2020
Price gouging: A hidden danger of the pandemic
You might be tempted to raise prices to try to recoup some of your lost revenue. But be careful — if you do raise prices, you might unwittingly commit the crime of price gouging under California law.
Joseph N. Akrotirianakis
Partner, King & Spalding LLP
Phone: (213) 443-4355
Email: jakro@kslaw.com
Loyola Law School Los Angeles
Joe's practice focuses on commercial litigation.
W. Scott Cameron
Counsel, King & Spalding LLP
Email: scameron@kslaw.com
Scott focuses on health care litigation, civil litigation and appellate matters.
The whole state is in quarantine due to Gov. Gavin Newsom’s stay-at-home order in response to the COVID-19 pandemic. If your company is not labeled “essential,” no customers can come to your place of business. Or if you own a restaurant, the dining rooms are closed and you are limited to takeout or delivery. Even if your business is deemed “essential,” your customers are weary of coming out so traffic is way down. As a result, your company’s revenue is down at least 6...
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