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ARTICLE · 18 MAY 2020

Excessive Pricing And COVID-19

Adams & Adams
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The outbreak of the COVID-19 pandemic has changed almost everything we know, especially the business landscape.

South AfricaCoronavirus (COVID-19)

The outbreak of the COVID-19 pandemic has changed almost everything we know, especially the business landscape. Whilst many of us scramble to survive and limit the financial harm where possible, other opportunistic individuals and companies are trying to cash in on the panic by taking advantage of the public. The surge in demand for essential goods have made the public particularly vulnerable to paying highly inflated prices.

The American multinational conglomerate 3M Company recently instituted proceedings in the Manhattan Federal Court against Performance Supply LLC for reselling 3M branded masks at grossly inflated prices. The lawsuit is not based on price-gouging itself, but rather that the association to such-gouging causes harm to the 3M brand.

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