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Home Depot to pay nearly $2M penalty for allegedly overcharging customers
Home DepotHome Depot(US:HD) Fox Businessยท2024-09-16 14:57

Core Points - Home Depot is ordered to pay nearly $2 million to settle a civil claim from California district attorneys for overcharging customers [1][5] - The company allegedly engaged in false advertising and unfair competition by charging prices higher than the lowest advertised or posted price [1] - A "scanner violation" occurs when the price on the item does not match the scanned price at the point-of-sale [1] Settlement Details - Under the court order, Home Depot is barred from false or misleading advertising and from charging more than the lowest posted price [4] - The company must implement a price accuracy program that includes more audits and training, and it will eliminate price increases on weekends [4] - Home Depot is required to pay $1.7 million in civil penalties and $277,251 in costs and restitution [5]