The Food Bank of Central New York will be able to distribute 7,000 containers of baby formula to needy families, courtesy of a price gouging settlement by the Attorney General’s office.
During a news conference Monday held at the Food Bank of Central New York in Syracuse, Attorney General Letitia James said two companies, Marine Park and Formula Depot, raised prices 60% more than was allowed under the law during a baby formula shortage in 2022.
“We received a number of complaints with respect to price gouging,” James said. “And so we opened up a portal, a 1-800 number, and we received a number of complaints all throughout the state of New York. And as a result of our investigation and ultimately our settlement, we were prepared to go to court. But they decided again to work out a settlement with us to the tune of $675,000…