Shoplifter extortion case against Walmart, other retailers is dismissed [Reuters]
Kroger Company (The) (KR)
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Source: Reuters
Shoplifter extortion case against Walmart, other retailers is dismissed | Reuters 3 Min Read (Reuters) - A federal judge dismissed a racketeering lawsuit accusing Walmart Inc and six other retailers of extortion by forcing accused shoplifters to take costly “restorative justice” classes or else be reported to the police. In a decision late on Friday, U.S. District Judge Lucy Koh in San Jose, California, found no proof of a nationwide conspiracy to steer accused shoplifters into paying $400 up front or $500 in installments for the classes from Utah-based Corrective Education Co, and admitting guilt, to avoid prosecution. Shoplifting is the main source of inventory “shrinkage” for U.S. retailers, causing losses of about $559 per incident, and together with so-called organized retail crime about $17.1 billion in 2017, according to the National Retail Federation. Koh said the three plaintiffs, who were accused in 2017 of shoplifting from Walmarts in Florida, Georgia and Texas, did not sho
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KR
Earnings
- 3/7/24 - Beat
KR
Sec Filings
- 4/29/24 - Form 4
- 4/26/24 - Form 4
- 4/25/24 - Form 4
- KR's page on the SEC website