CA Pension Fund Sues Wal-Mart Following Bribery Allegations

, Corporate Counsel

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A lawsuit filed by a major California pension fund against executives and directors of Wal-Mart Stores, Inc. marks the latest chapter in the fallout from the company's alleged bribery scheme in Mexico.

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What's being said

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    Investors suing a company over corruption happens a lot in business. There are laws in place to prevent that kind of behavior especially in foreign countries. If a company uses corruption in foreign countries, that could mean there is a misallocation of funds, which investors can sue for. Certain countries are setup to make corruption of officials very easy but that does not give company officials the right to misuse funds. Investors are right to sue because in many company bylaws it is illegal to use investor funds for illegal purposes. http://www.legalfunding.com/

  • not available

    Investors suing a company over corruption happens a lot in business. There are laws in place to prevent that kind of behavior especially in foreign countries. If a company uses corruption in foreign countries, that could mean there is a misallocation of funds, which investors can sue for. Certain countries are setup to make corruption of officials very easy but that does not give company officials the right to misuse funds. Investors are right to sue because in many company bylaws it is illegal to use investor funds for illegal purposes. http://www.legalfunding.com/

  • not available

    Investors suing a company over corruption happens a lot in business. There are laws in place to prevent that kind of behavior especially in foreign countries. If a company uses corruption in foreign countries, that could mean there is a misallocation of funds, which investors can sue for. Certain countries are setup to make corruption of officials very easy but that does not give company officials the right to misuse funds. Investors are right to sue because in many company bylaws it is illegal to use investor funds for illegal purposes. http://www.legalfunding.com/

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