| Company: | The Home Depot, Inc. |
| Ticker Symbol: | NYSE: HD |
| Class Period: | May 19, 2001 to February 22, 2005 |
| Date Filed: | May-19-06 |
| Lead Plaintiff Deadline: | Jun-11-06 |
| Court: | Northern District, GA |
| Allegations: |
A class action lawsuit has been filed in the United States District Court for the Northern District of Georgia on behalf of all securities purchasers of The Home Depot, Inc. ("Home Depot" or the "Company") (NYSE:HD) and certain of its officers and directors between May 19, 2001 and February 22, 2005, inclusive (the "Class Period") against Home Depot, Robert L. Nardelli, Carol B. Tome, Kenneth G. Langone, Berry R. Cox, John L. Clendenin and Larry M. Mercer.
The complaint alleges violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by the making of materially false and misleading statements concerning Home Depot's operations and financial condition which caused The Home Depot's securities to trade at artificially inflated prices during the Class Period.
The Complaint also alleges that throughout the Class Period, the Company deceived vendors and falsified Home Depot's financial results through fraudulent return-to-vendor ("RTV") policies. More specifically, it alleges that the defendants (a) coerced Home Depot employees to fraudulently inflate Company charges to vendors to cover the cost of defective and/or damaged merchandise; and (b) pressured suppliers who complained about excessive chargebacks by threatening to reduce orders of their products. This action seeks to recover damages on behalf of defrauded investors who purchased Home Depot securities.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
The complaint alleges violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by the making of materially false and misleading statements concerning Home Depot's operations and financial condition which caused The Home Depot's securities to trade at artificially inflated prices during the Class Period.
The Complaint also alleges that throughout the Class Period, the Company deceived vendors and falsified Home Depot's financial results through fraudulent return-to-vendor ("RTV") policies. More specifically, it alleges that the defendants (a) coerced Home Depot employees to fraudulently inflate Company charges to vendors to cover the cost of defective and/or damaged merchandise; and (b) pressured suppliers who complained about excessive chargebacks by threatening to reduce orders of their products. This action seeks to recover damages on behalf of defrauded investors who purchased Home Depot securities.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
