October 26, 2018
Walmart Stores Inc. will pay $160 million to settle with a class of investors who sued the company after its stock plunged in the wake of allegations that it had bribed officials in Mexico, according to papers filed in Arkansas federal court.
March 29, 2018
A class of investors can redo the depositions of Walmart Inc.'s onetime chief financial officer and the company's key investigator in a Mexican bribery scandal, an Arkansas federal judge ruled Thursday, but documents that allegedly outline the retailer's knowledge of the scheme will stay under wraps.
September 29, 2017
An Arkansas federal judge on Friday rejected a request by retail giant Wal-Mart Stores Inc. to throw out a damages calculation method in a class action that the store said would violate the Private Securities Litigation Reform Act, saying the law didn't rule out the prospect.
May 23, 2017
Wal-Mart Stores Inc. has asked an Arkansas federal judge to halt investors’ efforts to question two of its investigators who looked into rampant bribery in its Mexican unit, saying it would seek an emergency intervention by the Eighth Circuit to keep their privileged reports under wraps.
May 11, 2017
An Arkansas federal judge rejected Wal-Mart Stores Inc.'s request to prevent its CEO Doug McMillon from being deposed in a securities class action over the company's alleged Mexican bribery scheme, saying in a ruling on Thursday that he is one of a small handful of people with highly relevant information.
May 05, 2017
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.
April 14, 2017
Wal-Mart Stores Inc. asked an Arkansas federal judge on Thursday to refuse investors' request for secret documents related to an internal corruption probe at the retailer's Mexican unit, saying the frustrated plaintiffs are trying to "piggyback" on work Wal-Mart's attorneys did in anticipation of lawsuits.
April 07, 2017
Wal-Mart Stores Inc. shareholders including a retirement fund that sued the company for hiding corruption at its Mexican unit told an Arkansas federal court on Thursday that the retailer's broad privacy demands echoed the feuding tech giants that U.S. District Judge William Alsup chided last month for treating the court like a "wholly owned subsidiary" of their law firms.
March 27, 2017
Wal-Mart Stores Inc. asked an Arkansas federal judge on Friday to reject an investor's request that it be sanctioned for allegedly failing to comply with a discovery order in a suit over bribery in its Mexican unit, saying the plaintiff's line has "no support beyond its own desire to impose costs on Wal-Mart."
March 13, 2017
A group of investors in Wal-Mart Stores Inc. that says the company lied to shareholders about bribery at its Mexican unit asked an Arkansas federal judge on Friday to slap the company with sanctions for refusing to provide investigatory documents it was ordered to turn over.