September 19, 2006

Michigan says Walgreen violated state pricing act

Michigan says Walgreen violated state pricing act | Bonds News | Reuters.com:
"Michigan Attorney General Mike Cox on Tuesday said he is taking legal action against Walgreen Co. (WAG.N: Quote, Profile, Research), the No. 1 U.S. drugstore chain, for failing to individually price items as required under a state law.

Walgreen, based in Deerfield, Illinois, was not immediately available to comment on the matter.

According to Cox, Walgreen has over 170 stores in Michigan. Investigators from the Michigan Department of Agriculture and the Attorney General's office studied items at 11 of the stores and found that Walgreen did not comply with Michigan's Item Pricing Act, Cox said in a statement.

The attorney general said that the average compliance rate for all stores was 30.9 percent, with one store having a compliance rate of just 10 percent."

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