New York City’s pension funds on Monday became the latest group to file a derivative lawsuit against Wal-Mart Stores Inc. based on reported allegations of bribery in Mexico and a possible cover-up by Wal-Mart officials. The suit, filed in Delaware …
A growing number of senior executives around the world are willing to pay bribes to win or keep business, as the hunt for growth supersedes concerns over ethics and regulatory fines, according to a survey published on Wednesday. Ernst & …
A shareholder sued the board and several officers of Wal-Mart Stores Inc. on Wednesday over allegations that the company’s Mexican affiliate paid bribes to local officials. The lawsuit seeks to recover damage to the company’s reputation as well as costs …
The Obama administration on Tuesday dropped a major bribery prosecution that had been part of a campaign to crack down on corruption after the government suffered several setbacks in court in a case involving military equipment sales. Federal prosecutors moved …
U.S. corporations asked the government to explain what it considers a bribe of a foreign official, saying the lack of clarity has had a chilling effect on business. The Chamber of Commerce and dozens of other trade groups wrote a …
U.S. authorities are stepping up investigations, including an FBI criminal inquiry, into possible violations by employees of Rupert Murdoch’s media empire of a U.S. law banning corrupt payments to foreign officials such as police, law enforcement and corporate sources said. …
As the U.S. Justice Department has stepped up its enforcement of an anti-foreign bribery law, it has faced the expected stiff resistance from the business community. Now it faces the unexpected as courts are pushing back, too. In an unusual …
Insurance brokerage firm Aon Corp. will pay $16.2 million to settle criminal and civil charges that it paid bribes to foreign government officials over more than two decades, the U.S. government said on Tuesday. Under a non-prosecution agreement with the …
A top Justice Department official said Tuesday the agency will clarify next year what triggers anti-corruption probes into U.S. corporations. Lanny Breuer, head of the criminal division, said his department expects to release “detailed new guidance” on the criminal and …
The U.S. Chamber of Commerce has put reshaping a U.S. anti-bribery law near the top of its legislative wish list, setting up a battle pitting the powerful business lobby group against supporters of the statute who say it helps fight …
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