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New Jersey Settles 2 Hurricane Sandy Price-Gouging Suits

April 17 (Bloomberg) -- New Jersey, which sued 24 businesses for price-gouging after Hurricane Sandy, reached its first two settlements of lawsuits, Attorney General Jeffrey Chiesa said in a statement.

C.S. George & Sons Inc., which runs George’s Gulf Station in Clifton, and Shiv Shivam Inc., which does business as Lukoil in Piscataway, will pay a total of $46,000 to resolve claims that they excessively raised gas prices after Governor Chris Christie declared a state of emergency, Chiesa said.

Sandy crashed ashore in New Jersey on Oct. 29, leaving 2.7 million people in the state without power, severely damaging some coastal towns and crippling mass transit. Christie has said it will cost $36.9 billion to repair the damage and prevent future devastation.

“These two settlements are the first of what I expect to be a series of resolutions to the price-gouging lawsuits we have filed to date,” Chiesa said in the statement.

The state Division of Consumer Affairs got 2,000 complaints about price-gouging for gasoline, generators, food and lodging, according to Chiesa. About 83 percent involved gas stations, he said in November. About 4 percent of the state’s 2,400 gasoline retailers were subject to subpoenas.

To contact the reporter on this story: David Voreacos in Newark, New Jersey, at dvoreacos@bloomberg.net.

To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net.

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