Reuters reported Wednesday that Bentonville-based Wal-Mart Stores Inc. is paying the legal fees for more than 30 executives involved in an ongoing investigation of bribery allegations in its foreign operations.
While that isn’t uncommon among large companies, experts told Reuters the large number of attorneys hired in the case suggests prosecutors are aggressively testing information that the company has turned over, and may be considering cases against multiple individuals.
"I've never heard of that many potential targets of an investigation no matter how big," Richard Cassin told Businessworld. Cassin is an anti-corruption lawyer and author of a popular blog on the law at issue, the Foreign Corrupt Practices Act. "Those numbers suggest [the U.S. Department of Justice] is really digging... [ MORE ]