Walmart to Pay $160 Million to Settle Shareholder Suit
The retailer has yet to resolve a long-running U.S. government corruption probe
Walmart Inc. agreed to pay $160 million to settle a long-running shareholder class-action suit related to the U.S. government’s continuing investigation of the retailer for alleged bribery.
The settlement with the City of Pontiac General Employees Retirement System adds to the hundreds of millions of dollars the retailer has spent over six years related to the investigation. Walmart didn’t admit fault as part of the settlement, the company said.
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