Family Dollar pleads guilty to misdemeanor, pays $41.7M to resolve DOJ rodent investigation

DOLLAR TREE, INC.

Family Dollar pleads guilty to one count misdemeanor for adulterating FDA-regulated products at West Memphis, AR distribution center.
Agreed to pay $200,000 fine and $41,475,000 forfeiture; additional $26.675M charge recorded in Q4 FY2023.
DOJ investigation resolved; three-year compliance and reporting term with enhanced compliance program.
Company previously recorded $30M charge in Q1 FY2023 related to DC 202 matters.
New distribution center in West Memphis expected to open fall 2024 with over $100M investment.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

DOLLAR TREE, INC. entered into Plea Agreement with United States Department of Justice valued at $200,000 in fines and a forfeiture money judgment in the amount of $41,475,000 (effective 2024-02-26).

Action: entry
Agreement: settlement
Counterparty: United States Department of Justice
Value: $200,000 in fines and a forfeiture money judgment in the amount of $41,475,000
Effective: 2024-02-26

Exact text from the filing

On February 26, 2024, Family Dollar Stores, LLC (“Family Dollar”), a wholly-owned subsidiary of Dollar Tree, Inc. (“Dollar Tree” or the “Company”), entered into a Plea Agreement (the “Plea Agreement”) in connection with the previously disclosed investigation by the United States Department of Justice

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DOLLAR TREE, INC. filing history →

Source: SEC EDGAR

accession 0000935703-24-000003

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