July 22, 2016
An Eighth Circuit panel on Friday upheld the dismissal of an investor suit accusing Wal-Mart Stores Inc. directors and officers of concealing bribery at its Mexican subsidiary, agreeing with a lower court that the investors should have sought a remedy through the board before filing suit.
August 31, 2015
Wal-Mart Stores Inc. investors slammed the retailer Friday for claiming they haven't shown that enough board members knew about bribery claims at its Mexican subsidiary to pursue their derivative case, saying they've provided enough evidence for the Eighth Circuit to revive their suit.
August 12, 2015
Wal-Mart Stores Inc. investors accusing the retailer's board of concealing bribery claims at its Mexican subsidiary haven't shown that enough board members knew about the alleged misconduct to pursue their derivative case against the company, Wal-Mart told the Eighth Circuit on Tuesday, urging the court to affirm the suit's dismissal.