Wal-Mart Officers, Directors Sued

Shareholder claims mismanagement led to alleged bribery of Mexican officials.

Wal-Mart Stores Inc. was sued by a shareholder claiming mismanagement by its executives and directors mismanaged the company led to alleged bribery of officials in Mexico and coverup of an internal probe.

Company officers and directors responsible for the wrongdoing should reimburse Bentonville, Arkansas-based Wal-Mart for damages related to the investigation and the alleged bribery, investor Henrietta Klein said in a Delaware Chancery Court complaint filed today in Wilmington.

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