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Walmart’s Investigation Disclosure

From the ‘investigations’ index of ethiXbase, here is Walmart’s FCPA disclosure in its latest Form 10-Q:

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Company Name

Walmart Stores, Inc.

Filing Date

Dec/08/2011

Investigating Entity

Internal

Notice Type

Investigation

Excerpt     

During fiscal 2012, the Company began conducting a voluntary internal review of its policies, procedures and internal controls pertaining to its global anti-corruption compliance program. As a result of information obtained during that review and from other sources, the Company has begun an internal investigation into whether certain matters, including permitting, licensing and inspections, were in compliance with the U.S. Foreign Corrupt Practices Act. The Company has engaged outside counsel and other advisors to assist in the review of these matters and has implemented, and is continuing to implement, appropriate remedial measures. The Company has voluntarily disclosed its internal investigation to the U.S. Department of Justice and the Securities and Exchange Commission. We cannot reasonably estimate the potential liability, if any, related to these matters. However, based on the facts currently known, we do not believe that these matters will have a material adverse effect on our business, financial condition, results of operations or cash flows.

Title                          Walmart Stores, Inc. – 12/8/2011

Document URL     investigations_disclosure/walmart.p [pdf embedded]

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