Shopping Center Giant Kimco Snared In Wal-Mart FCPA Probe

Law360, New York (February 28, 2013, 1:20 PM EST) -- Federal prosecutors have drawn shopping center operator Kimco Realty Corp. into an investigation of Wal-Mart Stores Inc. over possible violations of the Foreign Corrupt Practices Act, Kimco revealed Wednesday.

Kimco, the largest operator of shopping centers in the United States, received a subpoena from the U.S. Securities and Exchange Commission on Jan. 28 and has been notified that the U.S. Department of Justice is conducting a parallel FCPA investigation, the company said in its annual report to the SEC. The scrutiny is tied to a broader...
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