New York Attorney General Letitia James announced a legal settlement that resulted in $675,000 worth of baby formula being distributed to Bronx families in need. This settlement followed an investigation into two companies, Marine Park Distribution Inc. and Formula Depot Inc., accused of price gouging, nearly doubling the prices during the 2022 shortage. In addition to the product donations, the companies paid a $75,000 penalty and are prohibited from future price gouging. This initiative aims to alleviate the burden on struggling families affected by the formula crisis.
Thousands of cans of baby formula are being distributed to families in need across the Bronx as part of a legal settlement reached with two companies accused of price gouging during the 2022 formula shortage.
Using a national emergency to raise prices on hardworking families who are struggling to find enough food for their children is despicable. Marine Park broke the law when they took advantage of a dangerous formula shortage to make even higher profits.
Following an investigation that found the companies had almost doubled the prices during the nationwide shortage, the AG secured $675,000 worth of baby formula to be donated.
As part of the agreement reached in December, the companies must donate $675,000 worth of baby formula to struggling families across the state by November 2025.
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