The U.S. Consumer Product Safety Commission said Clorox (CLX) has agreed to pay a $14.15M civil penalty. The settlement resolves CPSC’s charges that Clorox knowingly failed to immediately report to CPSC, as required by law, that its Pine-Sol Scented Multi-Surface Cleaning Products “contained a defect that could create a substantial product hazard or created an unreasonable risk of serious injury or death to consumers.”
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CLX:
- The Week That Was, The Week Ahead: Macro and Markets, Jan. 25
- Clorox price target raised to $114 from $110 at Deutsche Bank
- Clorox says will not make any share buybacks until debt/EBITDA target reached
- Clorox price target raised to $115 from $108 at Wells Fargo
- M&A News: Clorox Goes Big on Hygiene with $2.25B Purell Maker Acquisition