Wal-Mart To Spend At Least $150M More On FCPA This Year

Law360, New York (August 15, 2013, 3:48 PM EDT) -- Wal-Mart Stores Inc. expects to shell out at least $150 million more this year to address a Mexican subsidiary's alleged violations of the Foreign Corrupt Practices Act, upping previous estimations and joining the $155 million already spent this year on the investigations and inquiries.

The department store giant released its 2013 second quarter earnings on Thursday, seemingly fulfilling its forecast earlier this year that its FCPA tab would grow, perhaps more than expected. The company said it will spend between $75 and $80 million in each of...
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