Home Depot has agreed to a settlement of nearly $2 million in response to a California lawsuit accusing the company of deceptive pricing practices. The lawsuit alleged that Home Depot overcharged customers by not honouring the advertised prices on store shelves, a violation known as a 'scanner violation' where checkout prices were higher than advertised.
Photo: Dreamstime.
As part of the settlement, Home Depot will pay $1,977,251, including $1.7 million in penalties and $277,251 in litigation costs, although the company did not admit to any wrongdoing. The settlement funds will cover investigation costs and support future consumer protection enforcement.
Home Depot is now required to adhere to stricter pricing regulations.
Los Angeles County District Attorney George Gascón emphasised the importance of this settlement, stating that deceptive practices undermine consumer trust and create unfair competition.
Source: www.furnituretoday.com