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Browse: Home / 2012 / July / 17 / Judge in no rush to hear Wal-Mart bribery lawsuit

Judge in no rush to hear Wal-Mart bribery lawsuit

By Securities Docket on July 17, 2012, 1:20 pm

A Delaware judge scolded attorneys for two large public employee retirement systems on Monday for rushing to court with lawsuits over allegations of bribery involving Wal-Mart Stores’ operations in Mexico.

Chancellor Leo Strine Jr. denied competing motions from the California State Teachers Retirement System, or CalSTRS, and a group of New York City pension funds seeking appointments as lead plaintiff with lead counsel in a consolidated shareholder lawsuit alleging that Wal-Mart officials breached their fiduciary duties by allowing and covering up the alleged bribery.

via Judge in no rush to hear Wal-Mart bribery lawsuit – USA TODAY

Posted in Class Actions, Top | Tagged Bribery, Wal-Mart

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