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COTTRELL ON BEHALF OF WAL-MART STORES v. DUKE

No. 15-1869.

829 F.3d 983 (2016)

John COTTRELL, Derivatively and ON BEHALF OF WAL-MART STORES, INC.; Louisiana Municipal Police Employees' Retirement System; Elizabeth Tuberville; Kathryn Johnston Lomax; William Cottrell; Andrew Richman; Larry Emory, Derivatively and on behalf of Wal-Mart Stores, Inc.; Nathan F. Austin, Plaintiffs-Appellants, v. Michael T. DUKE; Aida M. Alvarez; James W. Breyer; M. Michelle Burns; James I. Cash, Jr.; Roger C. Corbett; Douglas N. Daft; Gregory B. Penner; Steven S. Reinemund; H. Lee Scott, Jr.; Arne M. Sorenson; Jim C. Walton; S. Robson Walton; Christopher J. Williams; Linda S. Wolf; Wal-Mart Stores, Inc., Nominal Defendant; Eduardo Castro-Wright; Thomas A. Mars; Thomas D. Hyde, Defendants-Appellees, Craig Herkert; Eduardo F. Solorzano Morales; Jose Luis Rodriguezmacedo Rivera; Lee Stucky, Defendants, Roland Hernandez, Defendant-Appellee

United States Court of Appeals, Eighth Circuit.

Filed: July 22, 2016.

Attorney(s) appearing for the Case

Counsel who presented argument on behalf of the appellant was Judith Scolnick , of New York, NY. The following attorney(s) appeared on the appellant brief; Scott E. Poynter , of Little Rock, AR., John Givens Emerson , of Houston, TX., Corey D McGaha , of Little Rock, AR., William Thomas Crowder , of Little Rock, AR., Thomas L. Laighlin , IV, of New York, NY.

Counsel who presented argument on behalf of the appellee was Theodore J. Boutrous, Jr. , of Los Angeles, CA. The following attorney(s) appeared on the appellee brief; Teresa Wineland , of Little Rock, AR., Jess Askew, III , of Little Rock, AR., Mark Andrew Perry , of Washington, DC., Brian M. Lutz , of New York, NY., Alexander Kosta Mircheff , of Los Angeles, CA., George H. Brown , of Palo Alto, CA., Jonathan C. Dickey , of New York, NY.

Before RILEY, Chief Judge, WOLLMAN and MURPHY, Circuit Judges.

Owners of shares of Wal-Mart Stores, Inc. (Wal-Mart) sued directors and officers of the corporation, accusing them of breaking state and federal law by permitting and then covering up pervasive bribery committed on behalf of Wal-Mart's Mexican subsidiary, Wal-Mart de Mexico (Wal-Mex). Because the shareholders sought to enforce...

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