Grainger to pay $6 mln to settle DoJ complaint

[MoneyGuy]

SAN FRANCISCO (MarketWatch) -- Grainger agreed to pay $6 million, or 5 cents a share, to resolve a Trade Agreements Act and Sourcing complaint with the Department of Justice, the Chicago-based supplier of facilities-maintenance products said Friday. It had previously set aside 5 cents a share reserve to fund the settlement. "Discussions with the Department of Justice relating to its previously disclosed review of the company's compliance with disclosure obligations under the GSA contract and the contract's pricing provisions are ongoing," said Grainger in a statement.

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