TrafficCourt

Kimco Subpoenaed in Case Against Wal-Mart

RSS

The Wall Street Journal reports that shopping center operator Kimco Realty Corp. has received a supboena from the Securities and Exchange Commission related to the case against Wal-Mart in Mexico. In 2012, it was discovered that Wal-Mart executives may have paid bribes to Mexican officials in order to speed up the chain's expansion in the country.

It is not clear at this point whether Kimco is considered a witness or a suspect in the case. The REIT's executives said they plan to cooperate with the investigation.

Please or Register to post comments.

What's TrafficCourt?

Industry news, views and occasional strange stuff.

Contributors

Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
Blog Archive
National Real Estate Investor Related Sites

Sponsored Introduction Continue on to (or wait seconds) ×