Pension Fund Seeks Wal-Mart Info On Alleged Mexico Bribery

Law360, Wilmington (August 17, 2012, 2:36 PM EDT) -- An Indiana pension fund has sued to force Wal-Mart Stores Inc. to turn over internal documents concerning bribery allegations against the retailer's Mexican unit, according a complaint unsealed Thursday.

Indiana Electrical Workers Pension Trust Fund IBEW, a Wal-Mart shareholder, says in the Delaware Chancery Court suit that it wants the documents in order to bolster its derivative claims that the retailer’s directors failed in their oversight responsibilities and engaged in a cover-up of the alleged bribery scheme at Wal-Mart de Mexico.

Since an April 22 New York Times article sketched the outline of an alleged $24 million bribery campaign designed to...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!