Teachers’ Fund Lawyers-Up Against Walmart Brass

By Steven Mikulan
The Frying Pan

The California State Teachers’ Retirement System (CalSTRS) filed a lawsuit last week against current and former members of Walmart’s board of directors, and other company officers, charging them with gross violation of fiduciary duty in connection with the company’s Mexican bribery scandal. That scandal, extensively examined by a recent New York Times feature, revealed a corporation so eager to expand its Mexican operations that it ignored findings by its own investigators sent to look into the allegations.

read more

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Teachers’ Fund Lawyers-Up Against Walmart Brass

By Steven Mikulan
The Frying Pan

The California State Teachers’ Retirement System (CalSTRS) filed a lawsuit last week against current and former members of Walmart’s board of directors, and other company officers, charging them with gross violation of fiduciary duty in connection with the company’s Mexican bribery scandal. That scandal, extensively examined by a recent New York Times feature, revealed a corporation so eager to expand its Mexican operations that it ignored findings by its own investigators sent to look into the allegations.

read more