Wal-Mart Bribe Investigator's Work Not Privileged, Judge Says

Law360, New York (May 5, 2017, 8:31 PM EDT) -- An Arkansas federal judge ruled Friday that shareholders in Wal-Mart Stores Inc. could conduct a second, more probing deposition of a special investigator who looked into bribery at the retailer's Mexican branch, rejecting the company's assertions of privilege over his findings.

The class of investors, which is led by a retirement fund known as PGERS, seeks damages from Wal-Mart related to a drop in its stock price that followed a 2012 New York Times report that the company had turned a blind eye to large-scale bribery at Wal-Mart de Mexico. The plaintiffs have accused Wal-Mart several times of using sweeping assertions...

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