FTC and 20 states sue Dollar General over deceptive pricing

Seekingalpha+1 ·
FTC and 20 states sue Dollar General over deceptive pricing
  • The FTC and 20 states sued Dollar General Corporation in the U.S. District Court for the Middle District of Tennessee, alleging long-running deceptive pricing.
  • The complaint alleges Dollar General routinely charged customers more at the register than the prices displayed on shelves, price tags and advertisements, and received tens of thousands of consumer complaints.
  • The FTC and states allege violations of the FTC Act, the Gramm-Leach-Bliley Act and state laws; the Commission vote authorizing the complaint was 2-0.
  • Dollar General shares slipped around 4% after the filing.

Quotes

“Dollar General has betrayed the trust of millions of American consumers and imposed significant financial harm on communities and consumers who are already struggling to make their paychecks last”— Christopher Mufarrige

Sources

FTC and 20 states sue Dollar General over deceptive pricing — Heurist Finance