New York City Comptroller John C. Liu said Monday that the New York City Pension Funds have filed a shareholder derivative action against Wal-Mart Stores Inc. in a Delaware Chancery Court.
The lawsuit alleges that Wal-Mart’s officers and directors breached their fiduciary duty to the company and its shareholders by failing to properly handle credible claims of the bribery allegations and attempting to cover up details of the scandal. The allegations stem from a bribery and corruption scandal at Wal-Mex, the Mexican subsidiary of Wal-Mart.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"