The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
the staff of the Ridgewood blog
Mahwah NJ, a Mahwah based company was fined $67,668 today and sentenced to one year of probation for its role in price gouging a chain of New Jersey grocery stores in connection with the sale of KN95 masks during the COVID-19 pandemic, U.S. Attorney Philip R. Sellinger announced.
Continue reading Mahwah Company Fined for Price Gouging KN95 Masks During COVID-19 Pandemic
the staff of the Ridgewood blog
Lakewood NJ, Two Ocean County, New Jersey, import companies have agreed to resolve violations of the Defense Production Act (DPA) of 1950 for price-gouging customers of personal protective equipment (PPE) during the COVID-19 pandemic by agreeing to sell at cost approximately 11 million items of PPE seized from three warehouses by law enforcement in April 2020, U.S. Attorney Craig Carpenito announced today.
The two companies – CSG Imports LLC and KG Imports LLC, both of Lakewood, New Jersey – have also agreed to disgorge $400,000 in profits relating to transactions with two customers who purchased PPE from CSG Imports at excessive prices and to compensate those customers for their losses.
Continue reading Two Lakewood Companies Agree to Resolve PPE Price-Gouging Charges
the staff of the Ridgewood blog
Washington DC, President Trump announced Wednesday afternoon that he will invoke the Defense Production Act, which would allow the administration to coordinate with American industry to manufacture medical supplies that are in short supply in the fight against the coronavirus pandemic.
Hospitals, health workers and state and local officials have said they are quickly running out of personal protective equipment (PPE), like masks, gowns and gloves, that are crucial to keeping doctors and nurses on the front-lines of the pandemic safe.
“There’s never been an instance like this where no matter what you have it’s not enough,” Trump said at a White House briefing with reporters. The President is moving to enhance the ability to coordinate production of medical equipment needed for treatment of the coronavirus .
