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NYC Pension Funds Challenge Wal-Mart

Tuesday, 1 May 2012 | 11:15 AM ET

There's more fallout from the allegations that Wal-Mart used bribery to spur expansion in Mexico. A group of New York City pension funds will vote their 4.7 million shares against five Wal-Mart directors standing for re-election at the company's annual shareholder meeting. John Liu, New York City comptroller and trustee of the city pension funds, weighs in.