Walmart faces class-action lawsuit over inaccurate price labels
What did the 2024 New Jersey settlement with Walmart involve?
In 2024, Walmart agreed to pay New Jersey $1.64 million to settle allegations that the company failed to follow the state's requirement to make it easier for consumers to compare product prices. This involved inspections of Walmart's 64 stores in New Jersey, which found that the company didn't use accurate unit pricing for a variety of grocery items and other products. This settlement is the largest ever obtained by the Office of Weights and Measures, which is within the attorney general's Division of Consumer Affairs.
What triggered the class-action lawsuit against Walmart?
The class-action lawsuit against Walmart was triggered by allegations of deceptive business practices, including overcharging customers for certain products and misleading labeling practices. The lawsuit claims that Walmart used inaccurate price labels, constituting a "bait-and-switch" pricing scheme in which purchase prices were higher than those posted on store shelves.