Walmart to pay $100 million to settle after FTC says it misled drivers on tips [Yahoo! Finance]
Walmart Inc. (WMT)
Last walmart inc. earnings: 2/18 06:00 am
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Source: Yahoo! Finance
all of its customer tips would actually go to drivers. (Photo by Brandon Bell/Getty Images) (Brandon Bell/Getty Images) Walmart will have to pay a $100 million settlement to the Federal Trade Commission after allegedly misleading delivery drivers about potential earnings. According to the FTC press release , the company allegedly caused delivery drivers to lose tens of millions of dollars in earnings by deceiving them about the base pay, incentive pay and tips they could earn. Eleven states joined the joint complaint. The FTC said in the filing that Walmart showed drivers in its Spark Driver delivery program inflated base pay and tip amounts. In addition, the complaint alleges that Walmart deceived customers by falsely claiming that 100% of customer tips would go to drivers. "Labor markets cannot function efficiently without truthful and non-misleading information about earnings and other material terms,” said Christopher Mufarrige, director of the FTC's Bureau of Consumer Pro
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News
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WMT
Earnings
- 2/19/26 - Beat
WMT
Sec Filings
- 2/27/26 - Form 4
- 2/27/26 - Form 4
- 2/27/26 - Form 144
- WMT's page on the SEC website