In a verdict that could see the retail giant fined $20 million, the jury of seven men and five women found the company guilty of making a false statement about its fragrance ingredients in the 2016 sale of a $9.99 “nest” perfume.

Key points:Walmart’s guilty verdict comes after six years of legal wranglingIn the case, the company claimed the perfume contained benzoyl peroxide and perfumes containing “naturally sourced organic essential oils”But the jury, led by a lawyer for the retailer, rejected the claims and found the product in fact contained a mixture of synthetic and natural ingredients.

In a statement, Walmart said it “regrets the loss of our brand and product in the recent trial and is confident the court will uphold our responsibility for our safety, quality and reputation.”

“We have worked tirelessly to ensure we were providing accurate information to our customers about our products,” the statement continued.

“We are committed to ensuring we continue to work with the regulatory authorities in Australia and the world to protect our environment, to ensure that our products meet the safety standards set by the Australian Consumer Law, and to ensure they are safe and effective.”

The verdict by the jury today is not a final judgment and we will be reviewing our position on appeal.

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Topics:consumer-protection,business-economics-and-finance,law-crime-and -law,law—fraud,corporate-governance,consumer-fraud-and/or-lobbying,consumer,offences,sussex-union-national-party,victoria-4350