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The lawsuit stems from a 2012 report by The New York Times, which alleged that top officials at the company's Mexico subsidiary had orchestrated millions of dollars in bribes, but that U.S. executives had effectively shut down an inquiry into the matter. (Credit: AP)

Wal-Mart Beats Mexican Bribery Suit In 8th Circ.

An Eighth Circuit panel on Friday upheld the dismissal of an investor suit accusing Wal-Mart Stores Inc. directors and officers of concealing bribery at its Mexican subsidiary, agreeing with a lower court that the investors should have sought a remedy through the board before filing suit.

  • Delhaize, Ahold Win FTC OK Of $29B Grocer Merger

    Grocery giants Delhaize and Ahold can go ahead with a planned merger valued at about $29 billion if they sell off 81 stores, the Federal Trade Commission said Friday.

  • Ex-Fox Rothschild Atty Gets 6 Months For Insider Trading

    A former Fox Rothschild LLP attorney was slapped with a six-month prison sentence on Friday following his conviction on charges that he used insider information to trade ahead of a $760 million insurance industry merger his firm was helping to handle.

  • Wrigley Rooftop Owner Convicted Of Defrauding Cubs

    A federal jury on Friday found the owner of a rooftop club overlooking Wrigley Field guilty of hiding more than a million dollars in ticket sales and revenue to defraud the Chicago Cubs out of royalties the club owed as part of a contract with the team.

  • Mentor-Protege Program Expanded By Final SBA Rule

    The U.S. Small Business Administration on Friday released a final rule putting in place a long-awaited expansion to its mentor-protege program, expanding the program to cover all small businesses.

  • DOJ Charges Trio In $1B Health Fraud Scheme

    The U.S. Department of Justice on Friday announced criminal charges in Florida federal court against three men accused of defrauding Medicare and Medicaid in a $1 billion scheme involving kickbacks and exploitation of drug-addicted patients.

  • Netflix Tax Suit Survives Dismissal Bid In Chicago

    A challenge by Netflix Inc. customers to a Chicago tax on streaming services largely survived a motion to dismiss Thursday when a Cook County judge ruled the viewers had sufficiently argued that the tax law treats streaming differently than live entertainment.

In-Depth

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Why Law Firm Mergers Fail

By Natalie Rodriguez

Amid the legal industry’s merger boom, firms should take to heart the lessons from past combinations that crumbled or risk meeting a similar fate.
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