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Wal-Mart. Photo credit: AP.

Any general counsel whose company thinks bribery might be a worthwhile business move could take a lesson or two from Wal-Mart Stores Inc., the world’s largest retailer.

The first lesson is quite simply about the financial hit.  Besides the $283 million Wal-Mart said Thursday it put in reserve to settle its Foreign Corrupt Practices Act case with the U.S. Department of Justice and U.S. Securities and Exchange Commission, it has spent another $870 million on the case over the past five years.

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Sue Reisinger

Senior reporter at ALM since 2004; based in Florida; covers general counsel and white collar crime; contact: [email protected]

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