Everyone knew! –  

August 24, 2020 – “Revelations concerning Walmart are not emerging because Walmart somehow chose to ‘come clean’ on its deplorable refusal to control how its nationwide pharmacies distributed opioids,” the complaint says. “Despite federal prosecutors contemplating an indictment of Walmart, Walmart failed to disclose this information to stockholders.”

The lawsuit is the second filed in Delaware Chancery Court by pension funds seeking access to the retail giant’s internal files under a state law giving corporate shareholders broad records inspection rights if they credibly suspect wrongdoing at the top.

Walmart didn’t immediately respond to a request for comment Monday. A company spokesman told Bloomberg in response to the earlier records suit that “Walmart takes its responsibility to shareholders seriously” and “there is no credible basis to conclude Walmart or its board engaged in any misconduct.”

more@BloombergLaw

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