Wal-Mart CEO to be questioned in U.S. lawsuit over Mexican bribery

5/11/2017 Reuters

walmartA federal judge on Thursday ordered Wal-Mart Stores Inc (WMT.N) Chief Executive Douglas McMillon to submit to questioning in a lawsuit by shareholders hoping to learn what he knows about suspected bribery by the world’s largest retailer in Mexico.

U.S. District Judge Susan Hickey in Fayetteville, Arkansas, said McMillon’s “direct and personal involvement” in matters underlying a class-action lawsuit justified requiring him to sit for a deposition by the shareholders’ lawyers.

McMillon had been president of Wal-Mart International during a period when shareholders led by a Michigan pension fund said the retailer concealed suspected bribery by its Wal-Mart de Mexico unit to government officials, to speed up store openings.

The Bentonville, Arkansas-based retailer had argued that McMillon lacked the “unique or special knowledge” to justify burdening him with a deposition.

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