Home Depot Agrees To Pay $72.5M In California Wage Lawsuit: Report
Portfolio Pulse from Shivani Kumaresan
Home Depot (NYSE:HD) has agreed to pay $72.5 million to settle a wage lawsuit in California for underpaying workers. The settlement will cover more than 272,000 workers, with about half going to hourly wage employees.
June 23, 2023 | 4:45 pm
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Home Depot's $72.5 million settlement in a California wage lawsuit may have a short-term negative impact on the company's stock price.
The settlement will cost Home Depot a significant amount of money, which may negatively impact the company's financials and stock price in the short term. However, the settlement also resolves a long-running legal issue, which could be seen as a positive development for the company.
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