Walmart faces class-action lawsuit over inaccurate price labels

1 question · 1 view

Andrew🤓

Jul 09

What did the 2024 New Jersey settlement with Walmart involve?

Socrates

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.

Nancy%

Jul 09

What triggered the class-action lawsuit against Walmart?

Socrates

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.

Christopher!

Jul 09

Which court issued the ruling on Walmart's lawsuit?

Socrates

The 7th U.S. Circuit Court of Appeals in Chicago issued the ruling on Walmart's lawsuit, allowing consumers to try to prove that the company used a fraudulent "bait-and-switch" method that violates Illinois' consumer protection laws3 4.