A Massive Retailer Is Now Paying Americans $900 in Settlement

A massive retailer is now paying Americans $900 in settlement charges with no receipts being required, the lawsuit confirms.

Americans are set to receive a payment worth up to $918.28 after Walgreens agreed to a settlement.

The drugstore chain settled a class action lawsuit that claims it blocked job opportunities.

Americans will benefit, including those who applied for positions at the company but were blocked because of background checks, per Top Class Actions.

The national pharmacy chain allegedly failed to comply with the Fair Credit Reporting Act (FRCA) when denying job applicants employment based on background reports, according to the lawsuit.

The FRCA states that Walgreens did not send out proper email notifications when alerting applicants that they were denied.

The settlement benefits applicants who applied to work at Walgreens but were denied employment due to background checks between March 30, 2020, and May 17, 2022.

Walgreens did not admit that it failed to comply with the FRCA but agreed to settle with an undisclosed sum.

According to the terms of the settlement agreement, all class members can receive up to $100 in payments.

If class members planned on contacting Walgreens to explain or dispute their background check but failed to do so due to the email they received denying them employment, they can receive an additional $818.

The deadline for exclusion and objection is May 23 with the final hearing taking place on July 23.

In late 2023, Walgreens corporate executives announced the closure of 150 stores throughout the country.

The closures will result in over 500 employees being terminated, reducing the overall company staff by 10%.

In an earnings call regarding the closure of one Washington location, Walgreens cited “challenges in macroeconomic conditions and an anticipated slow start to the cough, cold, flu season contributed to a weaker retail performance” as one reason behind the store’s closure.

Walgreens is just one of many retailers closing due to challenging economic conditions.

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Also Read: An Unexpected Retailer Is Now Closing All Stores in Illinois

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Market News Today - A Massive Retailer Is Now Paying Americans $900 in Settlement.
Market News Today – A Massive Retailer Is Now Paying Americans $900 in Settlement.

A massive clothing retailer is now closing all 540 stores in just six weeks after unexpectedly filing for bankruptcy.

Liquidation sales will be held at rue21 outlets across the US as bosses rush to clear the last remaining stock.

The clothing retailer has entered bankruptcy and bosses have announced plans to close all 540 remaining stores within six weeks, reports The US Sun.

It is the third time in less than 25 years the fashion retailer has entered bankruptcy, per Bloomberg.

Court documents seen by Reuters revealed the company has more than $190 million of debt.

The chain has 540 stores across the US and 4,900 workers are set to be impacted.

Outlets are to slam shut within four to six weeks, according to court papers.

Bosses also announced plans to sell the company’s intellectual property.

The company narrowly avoided going into bankruptcy in October 2022.

Chiefs filed for bankruptcy in 2017 as they rushed to clear around $700 million worth of debt.

Bosses shuttered 400 stores as well and renegotiated leases.

Execs identified the rise of online shopping and changing consumer trends as reasons behind the bankruptcy.

Michele Pascoe, the interim CEO, also alluded to the impacts of competition and inflation.

The company also filed for bankruptcy in 2002.

At its peak, the company had more than 1,000 stores across the US.

The chain has dozens of outlets across several states, including Florida, Georgia, Illinois, North Carolina, Pennsylvania and Texas.

The teen fashion retailer is not the only clothing chain that has entered bankruptcy over the past year.

Last month, Express chiefs filed for bankruptcy, and at least 100 stores are set to close.

Also Read: Retirees Will Now Receive More Money For Social Security

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Market News Today - A Massive Retailer Is Now Paying Americans $900 in Settlement.
Market News Today – A Massive Retailer Is Now Paying Americans $900 in Settlement.

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