Friday, May 4, 2012

California state teachers' retirement system walmart

  • NEW YORK -- One of the nations largest public pension funds has filed a lawsuit against current and former Wal-Mart executives and board members, saying they had breached their responsibility in handling an alleged bribery scheme.
  • (Huffington Post)
  • Reuters has the whole story. Based on bribery allegations first reported in the New York Times, the California State Teachers Retirement System (CalSTRS) is suing Wal-Mart in order to encourage corporate governance reform.
  • (Town Hall)
  • But officials with the California State Teachers Retirement System, which sued Wal-Mart current and former executives on Thursday, stopped short of calling for CEO Mike Duke to step down.
  • (msnbc.com)
  • The company may have to shell out hundreds of millions of dollars in legal expenses and penalties; the California State Teachers' Retirement System sued the Wal-Mart leadership team for allegedly ignoring the ongoing bribery.
  • (Los Angeles Times)
  • The California State Teachers' Retirement System which holds more than 5.3 million shares of Wal-Mart Stores Inc.
  • (Petoskey News-Review)
  • The California Public Employees Retirement System has approximately $540 million invested in Walmart stock. The California State Teachers Retirement System has about $325 million invested.
  • (San Francisco Gate)
  • The case is California State Teachers' Retirement System v. Wal-Mart Stores Inc., CA No. 7490, Delaware Chancery Court (Wilmington). To contact the reporter on this story: Jef Feeley in Wilmington, Delaware at jfeeley@bloomberg.
  • (Businessweek)
  • The pension plan, the California State Teachers' Retirement System, owns about 5.3 million shares in Wal-Mart, worth about $313 million.
  • (New York Times)
  • The case is California State Teachers' Retirement System v. Wal-Mart Stores Inc., CA No. 7490, Delaware Chancery Court (Wilmington). To contact the reporter on this story: Jef Feeley in Wilmington, Delaware at jfeeley@bloomberg.
  • (Bloomberg)
  • SACRAMENTO --The countrys second-largest public pension fund, the California State Teachers Retirement System, is suing current and former board members and executives of Wal-Mart Stores Inc.
  • (Los Angeles Times)

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