Wal-Mart Urges Chancery To Toss Alleged Bribery Plot Claims
Law360, Wilmington (November 12, 2015, 10:05 PM EST) -- Wal-Mart urged the Delaware Chancery Court on Thursday to throw out derivative claims targeting an alleged bribery campaign by its Mexican affiliate, arguing the same claims have already been nixed by the federal court in Arkansas, but suing shareholders pushed back claiming they weren't adequately represented in that case.
During a hearing in Wilmington, Wal-Mart attorney Theodore J. Boutrous Jr. of Gibson Dunn & Crutcher LLP argued that the U.S. District Court for the Western District of Arkansas had already thrown out substantially the same claims in April, ruling suing shareholders had not shown they couldn't have first made a demand...
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