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12 Jun 2012, 6:54 am
[JURIST] New York City on Monday filed a derivative suit [press release] in Delaware Chancery Court [official website] against Wal-Mart [corporate website] alleging that both officers and board members of the company breached their fiduciary duties to shareholders by improperly handling reports of bribery that occurred in Mexico. [read post]
12 Jun 2012, 5:01 am
Reinemund serves on the boards of American Express, Marriott, and Wal-Mart. [read post]
11 Jun 2012, 6:00 am
In addition to serving on the board of Wal-Mart, ten of the thirteen non-management directors serve on other corporate boards. [read post]
6 Jun 2012, 5:14 am
bit.ly/JTMHYz (@OrangeLT) Case in Point: “Hells Spoliators” bit.ly/LgsgHv (Tim Fishburne) Video: Kleen-ing up with Technology-Assisted Review Tools – bit.ly/LgLJb7 (Alex Vorro, Julie Beck) Technology and Tactics A Cloud Computing Strategy for Europe | New Europe – bit.ly/LH2hWY (Neelie Kroes) A Look At What Every Executive Should Learn from Wal-Mart’s Mistakes | Harvard Business Review –… [read post]
1 Jun 2012, 2:00 am
1) The FCPA Blog: A Reply to The New Republic - A recent article in The New Republic entitled Why Corporate America Shrugged at the Wal-Mart Bribery Scandal certainly raised a few eyebrows. [read post]
29 May 2012, 11:21 am
Though so far no one has accused the company of laundering money for drug cartels, from the April 21 NY Times, see "Vast Mexico Bribery Case Hushed Up by Wal-Mart After Top-Level Struggle. [read post]
27 May 2012, 8:17 am
Gearhart, Executive Vice President, General Counsel and Corporate Secretary at Wal-Mart, as the commencement speaker. [read post]
27 May 2012, 6:57 am
The Court concluded: "As corporate counsel for Midland, and as debt collection counsel for Wal-Mart, Shopko, and Target, and as evinced by Bennett Law's business structure, it is evident that Bennett Law is "regularly" engaged in the collection of debts, whether through litigation or over the telephone. [read post]
25 May 2012, 7:25 am
Many of Redbox’s key assets are contractual, including agreements with movie studios to acquire DVDs, and revenue sharing agreements with companies like Wal-Mart that house Redbox kiosks. [read post]
22 May 2012, 7:50 am
As we previously reported back on May 4, 2012, a three-judge panel of the Sixth Circuit, relying heavily on the Supreme Court’s decision in Wal-Mart Stores, Inc. v. [read post]
18 May 2012, 8:23 am
Tovar, the Wal-Mart spokesman, declined to comment. [read post]
17 May 2012, 7:55 am
Behrend, 11-864, which is a follow-on to Wal-Mart v. [read post]
16 May 2012, 3:28 pm
The court reasoned that determining whether Allstate inappropriately raised a policy limit would require comparing every individual policy limit with the property’s fair market value, an individualized analysis that defeated certification under Wal-Mart v. [read post]
15 May 2012, 7:36 am
According to the DOL, 4,500 vision center managers and asset protection coordinators at Wal-Mart Supercenters, Wal-Mart Discount Stores, Neighborhood Markets and Sam’s Club Warehouses were not paid proper overtime wages for hours worked beyond 40 in a work week. [read post]
8 May 2012, 12:29 pm
However, this law is being ignored by staffing companies (Schneider Logistics, Eclipse Advantage, Midwest Temp Corporation) who are used by large businesses (Wal-Mart, Target, Home Depot) to employ warehouse workers. [read post]
8 May 2012, 7:55 am
The initial buzz has faded when it comes to David Barstow’s stunning April 21 New York Times report on Wal-Mart and bribery allegations in Mexico, but from what we can tell, it still features prominently in the conversation whenever corporate-governance types gather. [read post]
8 May 2012, 6:38 am
Ferrero argued that plaintiffs failed under Wal-Mart, but the court disagreed. [read post]
8 May 2012, 1:07 am
FCPA-Related Securities Class Action Suit Filed Against Wal-Mart: In yesterday’s post, I noted that CalSTRS had filed a shareholder derivative action against Wal-Mart, as nominal defendant, and certain of its directors and officers, in connection with the revelations concerning the company’s Mexican bribery allegations. [read post]
7 May 2012, 4:14 am
[May 3, 2012] CalSTRS Files First Shareholders Derivative Lawsuit As noted in this NY Times article, CalSTRS has filed a shareholder derivative lawsuit against the officers and directors of Wal-Mart over allegations that the company violated the Foreign Corrupt Practices Act. [read post]
7 May 2012, 1:58 am
Given the relative frequency of this type of litigation, it was hardly surprising that Wal-Mart’s recent announcements of FCPA-related concerns involving its Mexican operations attracted litigation. [read post]
