00:00It's Benzinga bringing Wall Street to Main Street.
00:02Walmart will pay $100 million to settle a lawsuit filed by the Federal Trade Commission
00:07and 11 states alleging it misled delivery drivers about compensation,
00:12according to Benzinga. The case focused on Walmart's Spark Delivery Network,
00:16which has operated since 2021. Regulators said Walmart misrepresented base pay,
00:22incentive pay, and possible tips. The complaint also alleged Walmart told customers 100% of tips
00:28would go to drivers and failed to fix known issues. The settlement follows a report that
00:33Walmart will pay U.S. corporate employees 121% of eligible bonuses. Walmart reported fiscal year
00:40revenue of $713.2 billion, up 4.7%. Shares are up 10.34% year-to-date and closed at
00:49$124.42 on Thursday.
00:52For all things money, visit Benzinga.com.
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