Walmart must pay nearly $35M to truck driver after accusing him of fraud, firing him

Published On Nov 25, 2024, 3:33 PM

Walmart has been ordered to pay nearly $35 million to a former truck driver, Jesus 'Jesse' Fonseca, after a jury found that Walmart wrongfully accused him of fraud, leading to his termination. The jury awarded Fonseca $25 million in punitive damages and $9.7 million for lost wages and non-economic harm. Walmart plans to contest the verdict, labeling it 'outrageous'. Fonseca argued that he was wrongfully terminated while on medical leave and that Walmart failed to accommodate his work restrictions following an injury sustained at work.

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This significant legal judgment may raise concerns about Walmart's corporate governance and HR practices, potentially impacting its stock price. Investors might view the lawsuit's outcome as indicative of broader operational issues.

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