Wednesday, May 20, 2009

Walmart Agrees to Monitor Prices

Photo:Cosumerist.com

Arizona Attorney General Terry Goddard has announced a $1 million settlement with Walmart.

Between 2001 and 2006, Walmart paid more than $450,000 in fines for failing price accuracy inspections conducted by the Arizona Department of Weights and Measures. Goddard brought the lawsuit in 2006 to require the company to fix the problems that led to the failed inspections and to provide more reliable pricing for consumers.

Walmart has agreed to appoint an independent monitoring company to conduct price accuracy and price posting inspections at 40 of its Arizona stores every year for three years. If a Walmart store fails an inspection, it will pay the state a fine and the store will be re-inspected until it passes.

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