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Company: Staples
Current Parent Company:
Sycamore Partners Management
Parent at the Time of the Penalty Announcement:
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Recap of Ownership Changes:
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Penalty: $968,157
Year: 2012
Date: August 15, 2012
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Staples agreed to pay $968,157 to the District Attorneys of Contra Costa, Marin and Napa counties to resolve allegations that it violated a state law prohibiting a company from charging more than the lowest posted or advertised price.
Level of Government: local
Action Type: agency action
Agency: California Multi-Jurisdiction Case
Civil or Criminal Case: civil
Private Lawsuit Resolution Type: settlement
Facility State: California
Facility County: multi-county
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: private equity (including portfolio companies)
Specific Industry of Current Parent: private equity (including portfolio companies)
Source of Data: Staples Settles Consumer Protection Case for Price Scanner Overcharges, Targeted News Service, August 15, 2012 (via Nexis).
Source Notes: If an online information source is not working, check the Violation Tracker
Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.