The Delaware Supreme Court affirmed on Wednesday a lower court ruling that ordered Wal-Mart Stores Inc to provide a shareholder with documents related to the company’s internal probe of allegations the retailer had paid bribes in Mexico.
Wal-Mart had appealed a ruling by Delaware’s lower Court of Chancery that ordered the company to produce documents to an Indiana union pension trust, which owns the company’s stock. The trust had sued Wal-Mart for access to the documents, saying it needed them to determine if the company’s board breached duties to shareholders by failing to investigate bribery allegations.
Wal-Mart did not immediately respond to a request for comment.
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