We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Court Revives Wal-Mart Suit Against Former Exec

Law360 (April 12, 2007, 12:00 AM EDT) -- The Arkansas Supreme Court has overturned a state court's decision to toss Wal-Mart’s suit to sever a retirement agreement with a convicted former executive, ruling that a jury should hear Wal-Mart’s case.

Wal-Mart Stores Inc., the world’s biggest retailer, is aiming to scrap a multimillion-dollar retirement settlement it offered to former vice chair Thomas Coughlin, who later admitted to defrauding the company by misappropriating corporate gift cards and expense reimbursements.

Wal-Mart and Coughlin had entered into an agreement in which both sides pledged not to sue...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.