Wal-Mart Says $157M FCPA Legal Tab Will Grow

Law360, New York (March 27, 2013, 1:03 PM EDT) -- Wal-Mart Stores Inc. said Tuesday it expected to face mounting legal costs and possible enforcement actions related to a Foreign Corrupt Practices Act scandal, adding to the $157 million the retailer has spent so far in the 2013 fiscal year.

Since October, the company has shelled out $157 million responding to a government investigation and private litigation and conducting its own internal probe of allegations it bribed Mexican officials to facilitate operations in the country. In its annual filing Tuesday with the U.S. Securities and Exchange...
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