Law Offices of Howard G. Smith Announces Investigation On Behalf of
Investors of Wal-Mart de Mexico SAB de CV
BENSALEM, Pa. -- April 8, 2013
Law Offices of Howard G. Smith announces that it is investigating potential
claims against Wal-Mart de Mexico SAB de CV (“Wal-Mart de Mexico” or the
“Company”) (OTC Markets:WMMVY) concerning possible violations of federal
securities laws. The investigation focuses on certain statements issued by
Wal-Mart de México between February 21, 2012 and April 22, 2012 regarding the
Company’s operations and financial performance. Wal-Mart de México owns and
operates a network of retail stores in Mexico and Central America.
The investigation is related to allegations that Wal-Mart de Mexico – the
largest foreign subsidiary of U.S.-based Wal-Mart Stores, Inc. (“Wal-Mart”) --
had orchestrated a multi-year campaign of bribery to win market dominance, and
that Wal-Mart de Mexico executives knew about the payments and actively took
steps to conceal them, thereby causing Wal-Mart de Mexico American Depositary
Shares ("ADRs") to trade at artificially inflated prices. In April 2012, The
New York Times reported that in 2005 Wal-Mart’s own investigators found
evidence confirming these and other instances of alleged bribery.
If you purchased Wal-Mart de México ADRs between February 21, 2012 and April
22, 2012, if you have information or would like to learn more about these
claims, or if you wish to discuss these matters or have any questions
concerning this announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone
at (215) 638-4847, Toll Free at (888) 638-4847, or by email to
firstname.lastname@example.org, or visit our website at
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
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