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Violation Tracker Individual Record

Company: Wal-Mart Stores Inc.
Current Parent Company: Walmart
Penalty: $3,500,000
Year: 2012
Date: March 19, 2012
Offense Group: employment-related offenses
Primary Offense: benefit plan administrator violation
Secondary Offense: pension ERISA violation
Violation Description: The plaintiffs, participants in the Wal-Mart Profit-Sharing and 401(k) Plan, sued both Wal-Mart and Merrill Lynch, the plan's trustee. The settlement required Wal-Mart to pay $3.5 million and Merrill Lynch $10 million.
Level of Government: federal
Action Type: private litigation
Court: Western District of Missouri
Civil or Criminal Case: civil
Case ID: 6:08-cv-3109
Case Name: Braden v. Wal-Mart Stores Inc. et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: Arkansas
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: retailing
Specific Industry of Current Parent: retail-discount stores
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.