According to The Guardian, Family Dollar will pay $63 million to settle claims by state and federal authorities that it frequently overcharged customers for milk, diapers, batteries, toilet paper and other household goods. The Guardian described Family Dollar as a discount store giant and reported that the enforcement action was announced Thursday by the Federal Trade Commission.
The Guardian also reported that the settlement with the FTC and state officials follows its own exposé of the company's pricing practices. The summary of that report available for this story does not give further details of the enforcement action.
CBS News reported that the FTC and multiple states alleged the discount retailer "failed to honor prices displayed on store shelves, on price tags and in ads." The CBS News headline gives the same $63 million figure.
The two accounts describe the alleged conduct differently. The Guardian's summary refers to overcharging for particular household goods, while the CBS News summary describes prices shown to shoppers on shelves, on tags and in advertising that were not honored. Neither summary explains how the two descriptions relate to each other.
The summaries also do not say whether Family Dollar admitted or denied the allegations. The Guardian report was written by Michael Hudson. The summaries reviewed for this story are brief and do not provide the full terms of the settlement beyond the $63 million figure.
Sources: The Guardian: Family Dollar to pay $63m to settle overcharging allegations; CBS News: Family Dollar to pay $63M after FTC says it overcharged customers.