December 05, 2011
A Missouri federal judge on Monday preliminarily approved a $13.5 million settlement in a class action against Wal-Mart Stores Inc. and Merrill Lynch & Co. Inc. which claimed millions of dollars of Wal-Mart employees' retirement savings were squandered on overpriced mutual funds.
November 25, 2009
Faulting the lower court for confusing the issues and inferring facts in the defendants’ favor, a federal appeals court has revived a putative class action alleging Wal-Mart Stores Inc. and its executives violated the Employee Retirement Income Security Act.