Federal Prosecutors Investigating Home Depot’s Handling of Hazardous WasteJul 31, 2005 | www.Newsinferno.com
Home Depot, Inc., the largest home improvement store chain in the U.S., has apparently gotten the attention of the Justice Department with respect to its handling, storage, and disposal of hazardous waste, according to news releases in BusinessWeek.com and The Associated Press/Atlanta.
In a regulatory filing with the Securities and Exchange Commission (SEC), the Atlanta-based retailer with 1,955 stores in the U.S., Mexico, and Canada revealed that federal prosecutors in California have issued a grand jury subpoena for company documents and information concerning the issue of hazardous waste.
The filing played down the possible impact of the inquiry stating that it did “not expect that these investigations will have a material adverse effect of the company’s operating results or financial condition.”
Except for a brief statement by the company that the probe has to do with its environmental practices, further details have not been disclosed either by Home Depot or the U.S. Attorney’s Office in Los Angeles, which declined to comment on the ongoing investigation.
Home Depot has stated that it is “cooperating fully” with the authorities and that its “corporate-wide compliance program” includes adherence “to all environmental-related laws and regulations.”