Walmart Pleads Guilty to Hazardous Waste Dumping

Will pay $81.6 million in fines

   

That’s $81.6 million down the drain. Properly disposed of, though.

Walmart (WMT) has pleaded guilty to improper disposal of hazardous products on Tuesday, ending a case that had gone on for eight years, reports the Associated Press. The company was charged with a misdemeanor for violating the Clean Water Act and improperly handling pesticides. Part of that $81.6 million will go to funding environmental projects.

The court proceedings brought in 20 prosecutors and 32 environmental groups, ultimately costing Walmart $110 million.  A Walmart spokeswoman claims that the company has fixed the problem and is happy with the resolution.

Adam Benjamin is an Assistant Editor of InvestorPlace. As of this writing, he did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, http://investorplace.com/2013/05/walmart-pleads-guilty-to-hazardous-waste-dumping/.

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