Home Depot Settles Out of Court
By George Anderson
It is going to cost $3.8 million now and $20 million more over the next three years, but Home Depot has agreed to settle a class-action lawsuit brought against the retailer in Massachusetts, says The Boston Globe.
The suit alleged that the company’s failure to stamp prices on products harmed consumers.
Massachusetts’ law requires retailers to stamp prices on individuals items, although there are exceptions.
Moderator’s Comment: What is your reaction to this story? What will this
settlement mean to retailers and consumers in Massachusetts?
It is our hope that the judgement
in this case will help legislators in Massachusetts to understand that this
particular law is hopelessly outdated. May we suggest shelf tags as an alternative.
[George
Anderson – Moderator]