Sunday, May 6, 2012

State pension fund sues Wal-Mart leaders over Mexican bribery case

The California State Teachers' Retirement System is seeking changes in Wal-Mart's corporate governance, saying the retailer's executives and directors ignored evidence of alleged malfeasance.

SACRAMENTO — The California State Teachers' Retirement System is suingWal-Mart Stores Inc.executives and board members, accusing them of using bribery and corruption to gain approval from Mexican government officials to build new stores.


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