Skip to content

Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Delaware supremes unanimously affirm Walmart discovery order

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

From Europe, the business case for compliance

Managing corruption has added benefits for a company. In 2010, when faced with hundreds of incidents of bribing government officials across multiple nations, Panalpina, the Swiss leader in logistics, admitted a culture of corruption had emanated from its senior level management who “tolerated bribery as business as usual.”… Continue Reading

Walmart’s half-billion-dollar FCPA spend

Walmart Inc. said it has spent $439 million in legal fees and other costs associated with investigations of alleged FCPA violations and revamping its global compliance protocol.

The retailer’s fiscal 2014 Global Compliance Program Report was released in April in the wake of allegations of bribery and corruption associated with expansion efforts in Mexico, India, Brazil and China.… Continue Reading

Wal-Mart says FCPA-related spending for two years hit $439 million

Wal-Mart’s expenses for FCPA investigations and its global compliance program were $282 million for the past fiscal year and $157 million for the year before.

The company said in an SEC filing it expects more costs for FCPA investigations, and for responding to subpoenas and defending existing and new shareholder lawsuits.… Continue Reading