Jackson Walker senior counsel Erica Benites Giese discusses the issue of price gouging and common things businesses must consider when raising prices during a declared emergency.
On March 19, 2020, the Texas Attorney General issued a public health disaster declaration as a result of the COVID-19 pandemic. This triggered certain prohibitions under the Texas Deceptive Trade Practices Act. While these restrictions typically apply to retailers, wholesalers may also be subject to many of the same restrictions.
Erica highlights some of those restrictions and what businesses should consider before raising prices.
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“DOJ & FTC Issue Critical COVID-19 Collaboration Guidance” »
As part of an effort to enable procompetitive collaboration to address the pandemic, the Antitrust Division of the Department of Justice and the Bureau of Competition of the Federal Trade Commission are responding to all COVID-19-related requests “expeditiously,” and the Agencies specifically aim to resolve all requests addressing public health and safety within seven calendar days of receiving all necessary information.
Please note: This article and any resources presented on the JW Coronavirus Insights & Resources site are for informational purposes only, do not constitute legal or medical advice, and are not a substitute for legal advice from qualified counsel. The laws of other states and nations may be entirely different from what is described. Your use of these materials does not create an attorney-client relationship between you and Jackson Walker. The facts and results of each case will vary, and no particular result can be guaranteed.