Home Depot Agrees To $2M Settlement In Customer Overcharging Lawsuit
Portfolio Pulse from Benzinga Neuro
Home Depot has agreed to a $2 million settlement over allegations of overcharging customers at checkout. The lawsuit, filed by prosecutors from six California counties, accused the retailer of 'scanner violations.' The settlement includes measures to ensure price accuracy and does not admit wrongdoing. This comes as Home Depot faces challenges from inflation and a weaker consumer outlook, impacting its financial performance.

September 18, 2024 | 10:30 am
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Home Depot has settled a $2 million lawsuit over alleged overcharging, which includes measures to ensure price accuracy. This legal issue adds to existing challenges from inflation and a weaker consumer outlook, impacting its financial performance.
The settlement of the lawsuit could negatively impact Home Depot's stock price in the short term due to potential reputational damage and financial strain. The company's existing challenges with inflation and consumer spending further exacerbate the situation.
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