This is an investigation and a pending class action lawsuit against Wal-Mart on behalf of all persons who were participants in or beneficiaries of the Wal-Mart Profit Sharing and 401(k) Plan (the "Plan"), between January 31, 2002 and the present.
The class action complaint alleges that during the Class Period the Wal-Mart breached their fiduciary duties to Plaintiff and the Class by:
(1) failing to prudently and loyally manage the Plan's assets;
(2) failing to monitor fiduciaries;
(3) failing to provide complete and accurate information to the Class; and
(4) engaging in prohibited transactions regarding revenue sharing and other kickback payments.
Name (Stock Symbol)
Wal-Mart Stores Inc. (WMT)
Wal-Mart Stores, Inc. operates retail stores in various formats worldwide.
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