Violation Tracker Individual Record
Company:Wal-Mart Stores Inc.
Date:March 19, 2012
Offense Group:employment-related offenses
Primary Offense:benefit plan administrator violation
Secondary Offense:pension ERISA violation
The plaintiffs, participants in the Wal-Mart Profit-Sharing and 401(k) Plan, sued both Wal-Mart and Merrill Lynch, the plan's trustee. The settlement required Wal-Mart to pay $3.5 million and Merrill Lynch $10 million.
Level of Government:federal
Action Type:private litigation
Court:Western District of Missouri
Civil or Criminal Case:civil
Case Name:Braden v. Wal-Mart Stores Inc. et al
Private Lawsuit Resolution Type:settlement
HQ Country of Parent:USA
HQ State of Parent:Arkansas
Ownership Structure of Parent:publicly traded
Major Industry of Parent:retailing
Specific Industry of Parent:retail-discount stores
Link to PACER Case Docket (must be logged in):
Link to Archived Court Document:
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