This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Kroger Unit Settles Labor Probe

Ralphs Grocery, a unit of Kroger (KR - Get Report), reached a settlement with the U.S. Attorney's Office for the Central District of California regarding its improper hiring of some employees who were locked out during a 2003-04 labor dispute.

Last December, a federal grand jury in Los Angeles returned a 53-count indictment of Ralphs. Under the terms of a plea agreement, Ralphs will plead guilty to five of the counts. If the agreement is approved by a U.S. District Court judge, the remaining counts will be dismissed.

Ralphs has agreed to pay a fine of $20 million to the government and to create a $50 million restitution fund.

Previously, Ralphs acknowledged that during the 141-day labor dispute, certain store managers and their supervisors violated company policy by illegally hiring some locked-out employees. In order to avoid detection, many of the employees worked under false names or Social Security numbers.

Shares of Kroger were slipping 8 cents to $21.78 Monday.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
KR $71.70 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs