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Violation Tracker Individual Record

Company: H&M HENNES & MAURITZ, L.P. et al.
Current Parent Company: H&M Hennes & Mauritz
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $36,000,000
Year: 2022
Date: May 19, 2022
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: H&M agreed to pay $36 million in settling allegations it withheld unused balances on gift cards that should have been transferred to the Office of Unclaimed Funds, falsely claiming to the state that its gift card funds were held by an out-of-state entity.
Level of Government: state
Action Type: agency action
Agency: New York Attorney General
Civil or Criminal Case: civil
Facility State: New York
HQ Country of Current Parent: Sweden
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: retailing
Specific Industry of Current Parent: retail-apparel
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.