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Stock impact report

Lowe's home improvement accused of sabotaging a former vendor, lawsuit says [Yahoo! Finance]

Lowe's Companies, Inc. (LOW) 
Last lowe's companies, inc. earnings: 2/26 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The Mooresville-based business is being sued by Greentouch USA and related entity Greentouch Home Ltd.—Hong Kong after a business relationship from 2018 to 2023 went bad. Lowe's was Greentouch's largest customer with sales of over $446 million during those years. Greentouch USA was formed in Florida and operates out of Mooresville. Greentouch filed a lawsuit in Iredell County Superior Court in February against Lowe's and associated LG Sourcing, Inc. for matters such as breach of contract, unfair and deceptive trade practices, defamation and punitive damages. It was assigned to the NC Business Court, which handles complex business litigation. Lowe's denied the claims, according to a request for dismissal from the company. After months of back-and-forth between lawyers, Business Court Judge Mark Davis filed an order and opinion on Lowe's partial motion to dismiss in early October. Davis dismissed Greentouch's claims for defamation and punitive damages. Greentouch may continue t Show less Read more
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