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California pension fund sues Wal-Mart leaders
By Anne D'InnocenzioThe fund, which holds 5.3 million shares in the company, says Wal-Mart's executives had breached their responsibility in handling an alleged bribery scheme.
With 401(k) litigation increasing, plan advisors and plan sponsors need to know the latest laws as well as strategies attorneys are using to sue employers and advisors. BenefitsPRO's legal coverage includes news, analysis and updates on cases.
The fund, which holds 5.3 million shares in the company, says Wal-Mart's executives had breached their responsibility in handling an alleged bribery scheme.