Subscribe

Join Us On LinkedIn

Walmart Inc said on Thursday it will pay $282 million to settle a seven-year-long investigation into whether its overseas units in Mexico, Brazil, China and India violated the U.S. Foreign Corrupt Practices Act. The retailer will pay more than $144 million to settle charges by the Securities and Exchange Commission and about $138 million to […]
Wal-Mart Stores, Inc. said in an SEC filing Thursday that it has set aside $283 million for a possible FCPA resolution with the DOJ and SEC. Walmart said ongoing settlement talks with the agencies have “progressed to a point where” it can “now reasonably estimate a probable loss,” according to the SEC filing first posted […]
Wal-Mart Stores Inc must face a class-action lawsuit accusing the world’s largest retailer of defrauding shareholders by concealing suspected bribery to help it expand faster in Mexico, a U.S. judge said. In a decision on Tuesday, U.S. District Judge Susan Hickey in Fayetteville, Arkansas rejected Wal-Mart’s contention that a Michigan pension fund had no standing to […]
A high-profile federal probe into allegations of widespread corruption at Wal-Mart Stores Inc.’s operations in Mexico has found little in the way of major offenses, and is likely to result in a much smaller case than investigators first expected, according to people familiar with the probe. via Wal-Mart Bribery Probe Finds Little Misconduct in Mexico […]
Judge denies competing motions from the insitutions seeking appointments as lead plaintiff.
Wal-Mart case may spur more self-reporting of possible overseas bribery.