Walmart To Pay $160M To End Investor Suit Over Bribes

Law360 (October 26, 2018, 10:26 PM EDT) -- Walmart Stores Inc. will pay $160 million to settle with a class of investors who sued the company after its stock plunged in the wake of allegations that it had bribed officials in Mexico, according to papers filed in Arkansas federal court Friday.

Walmart has reached a $160 million settlement with investors who sued the retail giant after its stock plunged after allegations that it had bribed officials in Mexico. (AP) The deal, which would not require Walmart to admit wrongdoing, is a “tremendous success” for the shareholders, as a trial would have featured experienced counsel on both sides and ensured a “hotly...

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