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.
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