A Delaware judge on Friday dismissed a lawsuit by Wal-Mart Stores Inc. shareholders who accused the board of the world's largest retailer of trying to cover up bribes paid by company executives in Mexico.
Chancellor Andre Bouchard of the Court of Chancery in Wilmington said an earlier dismissal by an Arkansas judge of a nearly identical lawsuit by another group of shareholders precluded the Delaware case from going forward.
He said that while the Arkansas plaintiffs may have chosen to rush their case rather than fully investigate alleged wrongdoing, their haste did not disqualify them from representing Wal . . .