Discrimination Lawsuits Cost Home Depot Millions

Discrimination Lawsuits Cost Home Depot Millions

Evidence compiled by Walden Asset Management shows that Home Depot, the giant home improvement retailer, has settled numerous discrimination lawsuits over the past decade amounting to more than $100 million.

In 1997, Home Depot settled its largest discrimination lawsuit for $87 million. Less than two years ago, the company agreed to pay $5.5 million to settle charges of discrimination made by the U.S. Equal Opportunity Employment Commission.

The most recent settlement involves a female employee who was fired by a male employee after eight years of satisfactory performance and then replaced by another male. Early this month, Home Depot agreed to pay $150,000 to settle the lawsuit she filed in October 2005.

Walden Asset Management recently led a filing requesting the company to provide its shareholders with a report disclosing diversity statistics – including equal employment opportunity (EEO) statistics. However, the request was denied at the company’s annual meeting late last week.

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