A judge has dismissed a lawsuit that accused Wal-Mart’s Mexico operations of misleading shareholders during an alleged bribery scheme.
The federal judge in New York on Monday rejected shareholder claims that former Wal-Mart executives knew about bribery allegations or should have known. U.S. District Judge Katherine Polk Failla also said Wal-Mart could not be liable for former employees’ actions.
This and other lawsuits were prompted by allegations in 2012 that Wal-Mart’s Mexican unit paid millions of dollars in bribes to speed building permits and gain other favors. The allegations spurred federal investigations in the U.S. and Mexico, and a global anti-corruption compliance review by Bentonville, Arkansas-based Wal-Mart.
Company spokesman Randy Hargrove said Wal-Mart appreciates the court’s careful consideration and is pleased with the decision dismissing the claims.
(Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)