By  on May 4, 2012

The fallout of Wal-Mart Stores Inc.’s Mexican bribery scandal continues to roll on — and the company’s executives and board members are in the legal cross hairs.

The California State Teachers’ Retirement System said it sued current and former Wal-Mart executives and board members on behalf of the retailer in what’s known as a derivative lawsuit. The suit was filed in Delaware Court of Chancery Thursday.

The retirement fund held 5.3 million shares of Wal-Mart valued at $313.5 million as of Tuesday.


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