Wal-Mart Urges 8th Circ. Not To Revive Mexican Bribery Suit

Law360, New York (August 12, 2015, 2:32 PM EDT) -- 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.

Wal-Mart said the district court was correct to dismiss the consolidated shareholder suit because the investors didn’t demand board action before filing suit or show that a majority of the directors faced personal liability, rebutting the...
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