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Attorney General Eliot Spitzer on Monday called for the first overhaul of New York's price gouging statute since 1998 with a proposal that would presume gouging whenever there is a markup of 25 percent or more following a disaster or other catalyst and would permit his office to pursue treble damages. Spitzer announced that a probe of suspected gasoline price gouging in the wake of Hurricane Katrina resulted in settlements with 15 stations that had significantly increased their markup after the storm.
December 21, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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