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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Walmart Inc | NYSE:WMT | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.09 | -0.15% | 59.78 | 7,242 | 13:35:52 |
From Apr 2019 to Apr 2024
By Dave Michaels
Walmart Inc. agreed to pay about $282 million to settle both criminal and civil claims related to payments made by outside consultants in Brazil, China, India and Mexico, the Securities and Exchange Commission said Thursday.
The SEC said Walmart violated the Foreign Corrupt Practices Act, which effectively forbids U.S.-listed companies from paying bribes to win business abroad. The deal requires Walmart to pay $144 million to the SEC and $138 million to the Justice Department, the regulator said.
The resolution comes after settlement talks between Walmart and the U.S. government have dragged on for years.
An attorney for Walmart didn't immediately respond to a request for comment.
(More to come)
Write to Dave Michaels at dave.michaels@wsj.com
(END) Dow Jones Newswires
June 20, 2019 14:53 ET (18:53 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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