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Second largest U.S. public pension fund files suit against Wal-Mart
New York -- The California State Teachers' Retirement System (CalSTSR), the second largest U.S. public pension fund, has filed a lawsuit against current and former Wal-Mart Stores’ executives and board members over mishandling of allegations that officials knew about a bribery campaign in Mexico and covered it up. The fund holds more than 5.3 million shares of Wal-Mart.
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New York City Pension Funds urges shareholders to vote against Wal-Mart directors
New York -- New York City Pension Funds is urging shareholders to vote against the re-election of Wal-Mart Stores CEO Mike Duke and four other board members out of concerns about the chain’s bribery investigation in Mexico, the Associated Press reported.
The pension group owns 5.6 million shares of Wal-Mart, which has more than 3.4 billion shares outstanding.