Administrative/Regulatory
May 1, 2012
Wal-Mart's FCPA woes may all be a matter of timing
Wal-Mart allegedly shut down an internal probe in 2005, when FCPA cases were rare. Now it has tapped Jones Day, Greenberg Traurig LLP and Cahill Gordon & Reindel LLP to conduct a global investigation amid scrutiny.
Daily Journal Staff Writer
In the wake of allegations Wal-Mart Stores Inc. covered up millions of dollars in bribes paid to Mexican government officials, some have questioned why the giant retailer would take such a risk.
After all, internal investigations and reviews by outside counsel have long been considered the best way for corporations to avoid news headlines and harsh penalties. Why scale back a probe of bribery allega...
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