Industry News

TMCNet:  New York Metro Superlawyer Lynda J. Grant Investigates Walmart for Securities Fraud

[March 19, 2018]

New York Metro Superlawyer Lynda J. Grant Investigates Walmart for Securities Fraud

Lynda J. Grant, an attorney with over 30 years of experience representing wronged shareholders and consumers and a New York Metro Superlawyer, announces that TheGrantLawFirm, PLLC is investigating potential breaches of fiduciary duties and/or federal securities claims arising from allegations contained in a recent whistleblower complaint filed against Walmart Inc. (NYSE: WMT) ("Walmart" or the "Company").

On March 15, 2018, Tri Huynh ("Huynh"), a former ecommerce executive with Walmart, filed a whistleblower complaint in the United States District Court for the Northern District of California, captioned Huynh v. Wal-Mart Stores, Inc. et al., 18-cv-01631, against almart. In that complaint, he accuses Walmart of having inflated certain metrics relating to its ecommerce growth since at least as early as 2016, thereby misrepresenting its financial success and its success in competing with ecommerce giant, Amazon.com (News - Alert). Huynh alleges that Walmart committed securities fraud and mail and wire fraud, among other things, and that he was terminated when he reported such activities to the Company's worldwide Global Ethics Office.


TheGrantLawFirm is presently investigating whether Walmart's directors and officers breached their fiduciary duties in allowing such activity and/or committed fraud in violation of federal securities laws. If you are a shareholder of Walmart and would like additional information regarding this matter, please contact Lynda J. Grant at 212-292-4441 or [email protected].

ATTORNEY ADVERTISING


[ Back To Shaping Influence's Homepage ]








INDUSTRIES


The JMRConnect team brings decades of experience garnered from multinational corporations, the public sector, NGOs and industry associations, and as such is able to provide clients with the expertise and strategy necessary for an impact campaign.


FEATURED CASE STUDY


Not only did JMRConnect significantly increase website traffic, organic visibility and optimize their SEO, but lead gen saw a drastic surge overall.


FEATURED INFOGRAPHIC


500% Increase in tracked top 3 keyword ranks (2 to 12)


Featured Influencer


For 30 years, Yorktel has gone the distance taking the complexities out of video and unified communications & collaboration (UC&C). As a video managed services and cloud provider, we bring your enterprise video communications to a new level, for today and tomorrow's technology. Yorktel - making complicated simple.