Investigation and class action lawsuit against Home Depot on behalf of Homne Depot employees and former employees.
The pending class action lawsuit alleges that Home Depot, mismanaged the employees' 401(k) plan by purchasing Home Depot stock even though Home Depot executives backdated stock options. As a result, the suit claims, Home Depot's share price deflated when the backdating schemed was revealed, making the value of the employees' stock portfolio plummet.
Name (Stock Symbol)
Home Depot, Inc., The (HD)
The Home Depot, Inc. operates as a home improvement retailer.
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