A Delaware judge Friday dismissed a shareholder lawsuit against the directors of Wal-Mart Stores Inc. that alleged the directors failed to conduct a proper investigation into allegations of bribery in Mexico.… Continue Reading
Shareholders accused Wal-Mart Stores Inc. in a Delaware court filing Thursday of failing to comply with a court order to produce files from an internal FCPA investigation of alleged bribery in Mexico.… Continue Reading
The Delaware Supreme Court Wednesday affirmed a lower court order for Walmart to turn over files and documents from an internal FCPA investigation to plaintiffs in a civil shareholder suit.
Walmart had appealed an order last year by Delaware’s Chancery Court, arguing the materials requested by the plaintiffs were protected by attorney-client privilege.… Continue Reading
A report about the oral argument in the Walmart case before the Delaware Supreme Court that appeared in The Chancery Daily caught our eye.
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By chance meeting at last week’s oral argument before the Delaware Supreme Court in Wal-Mart Stores, Inc.
Walmart argued Thursday to the Delaware Supreme Court that shareholders aren’t entitled to internal documents from an FCPA investigation that might show what executives and directors knew about alleged bribes paid to officials in Mexico.… Continue Reading
A pending case — largely ignored by the compliance profession and the press — brings before the courts one of the most troubling issues of the Wal-Mart investigation: Was the Wal-Mart Board of Directors misled during 2005-2012 regarding an alleged Mexican bribery scheme and subsequent cover-up?… Continue Reading
Parental controls: Anti-corruption compliance programs for joint ventures, subsidiaries and franchisees (Part 2)
In this second post of an eight-part series on “parental controls” (Part 1 is here), we explore the types of harm that parent companies may suffer for the wrongdoing that occurs at joint ventures, subsidiaries and franchisees.… Continue Reading