Walmart Under Fire: EEOC Lawsuit Accuses Retail Giant Of Ignoring Female Harassment Claims
Portfolio Pulse from Nabaparna Bhattacharya
Walmart Inc. (NYSE:WMT) is facing a lawsuit from the U.S. Equal Employment Opportunity Commission (EEOC) accusing the company of ignoring sexual harassment claims from female employees. This is the fourth lawsuit launched by the EEOC against Walmart this year. Walmart is also reportedly facing a patent infringement lawsuit from RavenWhite Licensing. Despite the news, Walmart's shares are trading higher by 0.46% to $164.13.
September 20, 2023 | 3:17 pm
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Walmart is facing multiple lawsuits, including one from the EEOC for allegedly ignoring female harassment claims and a patent infringement lawsuit from RavenWhite Licensing. Despite this, Walmart's shares are trading higher.
The lawsuits could potentially harm Walmart's reputation and financials if they result in significant penalties. However, the market seems to be shrugging off the news for now, as evidenced by the rise in Walmart's share price.
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