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Delaware judge reprimands two plaintiffs in Wal-Mart bribery case

Pension funds reportedly filed sloppy complaints in their rush to be named lead plaintiff

Two pension funds suing Wal-Mart Stores Inc. for allegedly covering up widespread bribery apparently forgot they were on the same side in the case, earning a tongue-lashing from a Delaware judge.

Leo Strine refused to grant the title of lead plaintiff to either the California State Teachers’ Retirement System or New York City’s public pension fund, instead telling the two parties to work together and bolster their flimsy complaints with additional evidence.

Alanna Byrne

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