February 21, 2018
A New York federal judge on Wednesday rejected a bid by investors to revive their bribery suit against Walmart's Mexican unit, saying their case still lacked false statements by the subsidiary even though it might have been "closer" to surviving dismissal in another respect.
March 23, 2017
A Wal-Mart investor whose securities fraud suit against the retailer over bribery at its Mexican unit asked a New York federal judge on Thursday to allow him to file a fourth complaint, saying sealed evidence in a similar case included contents described in a brief that could save his class action.
February 27, 2017
Wal-Mart Stores Inc. beat back a lawsuit from shareholders who accused the retail giant of breaking securities laws by turning a blind eye to bribery and corruption at its Mexican subsidiary, with a New York federal judge concluding Monday that the allegations came too late or failed to show deceptive intent.
January 06, 2016
A New York federal judge on Tuesday denied Wal-Mart Stores Inc.'s bid to dismiss a suit over a stock drop following accusations of bribery among its ranks in Mexico, but encouraged the company to refile the motion with new information from a former exec who wasn't served until October.
May 11, 2015
Investors suing Wal-Mart Stores Inc. urged a New York federal court Friday not to dismiss their putative class action over a stock drop following subsidiary Wal-Mex's alleged $24 million bribery of Mexican officials for store building permits, saying Wal-Mart's effort to distance company statements from securities liability is a long shot.
April 07, 2015
Wal-Mart Stores Inc. asked a New York federal court Monday to dismiss a putative class action over subsidiary Wal-Mex's alleged bribery of officials in Mexico, saying the shareholder suit is time-barred and Wal-Mart did not "control" the subsidiary under securities law.