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Corporate

May 15, 2012

Lessons from Wal-Mart's FCPA faux pas

Contrasting Wal-Mart's response to alleged FCPA violations with other cases provides guidance for general counsel. By Terree Bowers of Arent Fox LLP


Recent allegations suggest executives may have paid as much as $16 million in bribes between 2003 and 2005 to facilitate Wal-Mart Stores Inc.'s meteoric expansion in Mexico. Even worse, there are allegations that Wal-Mart squelched an internal investigation into the bribery. The revelations provide an opportunity for reviewing some of the basics in keeping a company on the right side of the Foreign Corrupt Practices Act.


The U.S. Department of Justice has mad...

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