Feds Subpoena Home Depot Records in Hazardous Waste Probe
ATLANTA Federal prosecutors in Los Angeles have issued a grand jury subpoena to The Home Depot Inc. seeking documents and information relating to the company's handling, storage and disposal of hazardous waste.
The Atlanta-based company, the world's largest home-improvement chain, said in a regulatory filing Friday that California authorities have opened an investigation.
"Although the company cannot predict the outcome of this matter, it does not expect that these investigations will have a material adverse effect on the company's operating results or financial condition," Home Depot said in the Securities and Exchange Commission filing.
In a statement, Home Depot suggested the probe has to do with its environmental practices and said it is cooperating.
"As part of its corporate-wide compliance program, the company seeks to ensure adherence to all environmental-related laws and regulations," the company said. "We are cooperating fully with the respective authorities."
Home Depot, the second-largest retailer in the U.S. after Wal-Mart, operates 1,955 stores in the United States, Canada and Mexico. It has announced plans to expand to China.
Source: Associated Press