Shearman & Sterling LLP | Antitrust Blog | Home | Hoarding
This links to the home page
  • U.S. Attorney’s Office Charges New York Resident With COVID-19-Related Price Gouging

    On April 24, 2020, the U.S. Attorney’s Office for the Eastern District of New York charged Long Island resident Amardeep Singh with hoarding and price gouging of medical supplies in violation of the Defense Production Act of 1950 (“DPA”).  The complaint alleges that Mr. Singh and his business entities acquired excessive amounts of personal protective equipment (“PPE”) and other medical supplies designated as “scarce” under an executive order issued by the President.  Mr. Singh then allegedly sold these products at prices well in excess of the prevailing market price, including a 1,328% markup on disposable face masks.  Complaint, United States v. Singh, No. 20-MJ-236 (SIL) (E.D.N.Y. Apr. 24, 2020).  According to the U.S. Attorney’s Office, the charges are the first criminal charges filed under the DPA during the present crisis.  The case is currently before Magistrate Judge Steven I. Locke.