Kendall
Law Group, a national securities firm led by a former federal judge
with attorneys that include a former U.S. Attorney, is investigating
Wal-Mart Stores Inc. (NYSE: WMT). The investigation concerns violations
of the Foreign Corrupt Practices Act by certain officers and directors
of the Company. Wal-Mart shareholders and individuals with more
information about these violations are urged to contact the Kendall Law
Group at 877-744-3728 or by email at investor@kendalllawgroup.com.
On April 12, 2012, The New York Times (“Times”) ran an article claiming
Wal-Mart’s “leaders” shut down a September 2005 investigation into
Wal-Mart de Mexico, a subsidiary of Wal-Mart, after finding suspect
payments totaling more than $24 million that Wal-Mart de Mexico’s top
executives knew about and concealed from Wal-Mart. Eduardo
Castro-Wright, former Wal-Mart de Mexico chief executive and current
vice chairman of Wal-Mart, was identified by the Times’ informant as the
“driving force behind years of bribery.”
Wal-Mart de Mexico’s leaders were not disciplined and according to the
Times, Wal-Mart informed the U.S. Department of Justice of an internal
investigation into possible violations of the Foreign Corrupt Practices
Act in December of 2011, only after learning of the Times’ reporting in
Mexico. Additionally, the Times reported that several current members of
Wal-Mart’s senior management, including Michael T. Duke, Wal-Mart’s
current chief executive, were informed of the potential violations and
“kept close tabs on the inquiry.”
Kendall Law Group has the credentials and experience to pursue any type
of complex securities litigation. The firm helps shareholders exercise
their power to protect their investments when companies break the law.
If you are a Wal-Mart shareholder or you have more information about
these violations, you are encouraged to contact the Kendall Law Group to
learn more about your rights.
