Bribery

Wal-Mart CEO to Be Questioned in U.S. Lawsuit Over Mexican Bribery

A federal judge on Thursday ordered Wal-Mart Stores Inc Chief Executive Douglas McMillon to submit to questioning in a lawsuit by shareholders hoping to learn what he knows about suspected bribery by the world’s largest retailer in Mexico. U.S. District Judge Susan Hickey in Fayetteville, Arkansas, said McMillon’s “direct and personal involvement” in matters underlying a class-action lawsuit …


Wal-Mart Suers Granted Class Action

A federal judge granted class-action status to Wal-Mart Stores Inc. shareholders who filed a lawsuit in 2012 alleging the retailer defrauded investors by covering up a bribery scheme in Mexico. In a Fayetteville ruling earlier this week, U.S. District Court Judge Susan Hickey rejected Wal-Mart’s argument that the City of Pontiac General Employees’ Retirement System — a Michigan-based …