Chicago, IL-based facilities maintenance distributor Grainger has started meeting with the U.S. Department of Justice to discuss alleged contract and Trade Agreement non-compliance claims.
Grainger is accused of overcharging the U.S. government as well as illegally relabeling products manufactured in non-trade agreement countries so they could be sold to the U.S. government, a violation of the Trade Agreements Act.
In a press release, Grainger said the timing and outcome of this matter are uncertain and could include a settlement or civil litigation, and while this matter is not expected to have a material adverse effect on Grainger’s financial position, an unfavorable resolution could result in material payments by Grainger.” Grainger said the contract with the …
Grainger Starts Meetings With Government Over Allegations
Chicago, IL-based facilities maintenance distributor Grainger has started meeting with the U.S. Department of Justice to discuss alleged contract and Trade Agreement non-compliance claims.
Grainger is accused of overcharging the U.S. government as well as illegally relabeling products manufactured in non-trade agreement countries so they could be sold to the U.S. government, a violation of the Trade Agreements Act.
In a press release, Grainger said the timing and outcome of this matter are uncertain and could include a settlement or civil litigation, and while this matter is not expected to have a material adverse effect on Grainger’s financial position, an unfavorable resolution could result in material payments by Grainger.” Grainger said the contract with the …
Share this article
Log In
Read the latest articles and see your reports.
Popular Now
MDM Directories
Sign Up for the MDM Update Newsletter
The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.
