Lawsuit Is Brought Against Home Depot

A class action lawsuit has been files against Home Depot which is directed towards their home securities. Home Depot is accused of making false statements and lying to cover up failing stock as well as bullying vendors to lie about faulty equipment.

The Complaint also alleges that throughout the Class Period, the Company deceived vendors and falsified Home Depot’s financial results through fraudulent return-to-vendor (”RTV”) policies. More specifically, it alleges that the defendants (a) coerced Home Depot employees to fraudulently inflate Company charges to vendors to cover the cost of defective and/or damaged merchandise; and (b) pressured suppliers who complained about excessive chargebacks by threatening to reduce orders of their products.

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