Wal-Mart Fights Investor Bid For Privileged Corruption Docs

Law360, New York (April 14, 2017, 7:44 PM EDT) -- 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.

The shareholders, led by a pension fund known as PGERS, say Wal-Mart knew about rampant bribery at its Mexican unit but failed to tell investors about the problem until The New York Times reported on the company’s cover-up and sent its...
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