Home Depot Settles Waste Dumping Suit
Associated Press, August 18, 7:33 am ET
Home Depot agreed Friday to pay nearly $10 million in penalties and investigation costs to settle a lawsuit alleging it mishandled hazardous waste from its California stores, officials said.
The world's largest home improvement store chain came under investigation after a hazardous waste container exploded at Home Depot's store in Marina Del Rey in May 2004, the lawsuit said. The fire forced the evacuation of store employees and customers. Investigators later found that chemicals were mixed together in the 55-gallon drum.
Home Depot ranks 44 on the Fortune 500 list of the world's largest companies. In 2006, its revenues were nearly $91 billion and it earned over $5.7 billion in profits.
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