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From Reuters:

The U.S. Securities and Exchange Commission has opened an informal investigation into charges that Home Depot Inc. (HD) inflated profits through supplier payments meant to cover the cost of damaged merchandise, the New York Post reported on Thursday.

The top home improvement retail chain is accused of inappropriately using so-called "return-to-vendor charges" by overbilling suppliers for goods damaged during shipping, the newspaper said.

Update: HD says that it's "simply not true."

Posted by edelfenbein at January 12, 2006 9:15 AM