Wal-Mart CEO Can Be Deposed In Mexico Bribery Case

Law360, New York (May 11, 2017, 7:38 PM EDT) -- 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.

The class of investors, which is led the city of Pontiac General Employees' Retirement System, or PGERS, seeks damages from Wal-Mart related to a drop in its stock price that followed a 2012 New York Times report saying the company had turned a blind eye to large-scale bribery at Wal-Mart de...

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