Rich California fund sues Wal-Mart, alleges bribery

The second largest U.S. public pension fund said on Thursday it had sued current and former executives and board members at Wal-Mart Stores Inc, alleging bribery and a cover-up in the company's expansion ...

(Reuters) - The second-largest U.S.

(Reuters) - The second largest U.S.

(Reuters) - The second largest U.S.

The second largest U.S.

NEW YORK  — One of the nation’s 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.

The California State Teachers' Retirement System is seeking changes in Wal-Mart's corporate governance, saying the retailer's executives and directors ignored evidence of alleged malfeasance.SACRAMENTO — The California State Teachers' Retirement System is suingWal-Mart Stores Inc.executives and board members, accusing them of using bribery and corruption to gain approval from Mexican government officials to build new stores.