New York Metro Superlawyer Lynda J. Grant Investigates Walmart for Securities Fraud
March 19 2018 - 9:00AM
Business Wire
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 Walmart. 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. 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 lgrant@grantfirm.com.
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TheGrantLawFirm, PLLCLynda J. Grant,
212-292-4441lgrant@grantfirm.com
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