Wal-Mart Busts Its FCPA Budget By $30M In Q1

Law360, New York (May 17, 2013, 1:27 PM EDT) -- Wal-Mart Stores Inc. said Thursday it has spent $73 million in the first quarter of the fiscal year dealing with investigations and internal changes stemming from alleged violations of the Foreign Corrupt Practices Act, around $30 million more than the retailer expected.

The company's FCPA expenses took a major chunk out of Wal-Mart's $200 million increase in total corporate and support costs, with roughly $44 million going towards dealing with ongoing inquiries and investigations and another $29 million spent on its global compliance review as well...
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