Office Depot to pay $3.4 million over faulty chairs
NEW YORK - Office Depot is paying $3.4 million to settle charges from regulators that it didn't report defects of two of its office chair models fast enough, even after receiving more than 200 complaints.
The U.S. Consumer Product Safety Commission says the seatbacks of some of the chairs fell off, resulting in back injuries. The agency says Office Depot did not notify the regulator until it contacted the company. The CPSC says companies must report issues with its products within 24 hours.
Office Depot sold more than 1.4 million of the defective Gibson chairs between 2003 and 2012 for $40. It sold 150,000 of the other model, called Quantum, which cost $350, between 2006 and 2009.
In settling the charges, Boca Raton, Florida-based Office Depot Inc. did not admit or deny wrongdoing.