Last week, gas stations across much of the Southeast saw shortages, demand spikes, and price increases after a cyberattack on a major gasoline pipeline. Proskauer’s price gouging team authored a Law360 article addressing the lessons learned from the past year’s emergencies — whether related to COVID-19 or natural disasters — to analyze the grounds for and significance of the lawsuits that will likely follow. Businesses can draw on these experiences in order to ensure compliance with state laws and lay the foundation for a solid defense in the event of a price gouging suit related to this shutdown.
Read the full article on Law360.
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Visit Proskauer on Price Gouging for antitrust insights on COVID-19.
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Proskauer’s cross-disciplinary, cross-jurisdictional Coronavirus Response Team is focused on supporting and addressing client concerns. Visit our Coronavirus Resource Center for guidance on risk management measures, practical steps businesses can take and resources to help manage ongoing operations.