Wal-Mart Stores Inc. will pay disgraced former executive Tom Coughlin $6.75 million in a lawsuit settlement voiding his retirement package worth millions more, according to a report filed Thursday with regulators. Lawyers representing the Bentonville, Ark.-based retailer and its former No. 2 executive settled the suit only hours before a jury trial was scheduled to begin over the retirement benefits.
August 22, 2008 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Wal-Mart Stores Inc. will pay disgraced former executive Tom Coughlin $6.75 million in a lawsuit settlement voiding his retirement package worth millions more, according to a report filed Thursday with regulators.
Lawyers representing the Bentonville, Ark.-based retailer and its former No. 2 executive settled the suit only hours before a jury trial was scheduled to begin over the retirement benefits.
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