Macy's is under investigation by former AG Charles Foti over a $130M expense concealment scandal.

Former Louisiana Attorney General Charles C. Foti, Jr., and his law firm, Kahn Swick & Foti, LLC, are investigating Macy's, Inc., to check if the company's leaders have acted against shareholders' interests or broken laws. The investigation follows Macy's announcement of a delay in releasing its third-quarter 2024 earnings due to a forensic investigation into a single employee's concealment of over $130 million in expenses over three years. Macy's plans to release the full results by December 11, 2024.

3 months ago
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