According to this story in the New York Post, GE is on the right side of what seems a pretty minor brewing scandal involving credits a Home Depot store in Maryland collected from vendors for defective merchandise (or not-so-defective as the case may be).

GE is involved because the store allegedly requested lots of so called return-to-vendor credits for defective water heaters and a GE representative complained, demanding to inspect the broken heaters before paying credits going forward. (Before the company had destroyed the heaters, according to the report).

The Post reports that a former Home Depot employee blew the whistle on allegedlly problematic credits only to be fired. He's suing and his lawsuit has become part of an informal SEC look at Home Depot.

Lesson for employers: Don't file your whistleblowers, even if you want to.

Lesson for GE shareholders: Your company is really minding the store.

GE and Home Depot seeing each other in court originally appeared on BloggingStocks on Thu, 20 Apr 2006 17:55:00 EST. Please see our terms for use of feeds.