Sherwin-Williams (SHW) has agreed to pay $80M to settle an investigation by the Department of...

|About: The Sherwin-Williams Company (SHW)|By:, SA News Editor

Sherwin-Williams (SHW) has agreed to pay $80M to settle an investigation by the Department of Labor into the paint maker's employee stock-ownership plan. The deal will result in an after-tax charge of $49.2M to Q4 earnings. Sherwin-Williams will pay the money to "current and former participants in the plan as well as to their beneficiaries."  (PR)