The 8th Circuit U.S. Court of Appeals today overruled federal Judge Susan Hickey and said a shareholder lawsuit over allegations of bribery in Mexico by Walmart officials could proceed in federal court in Texarkana despite a similar, parallel lawsuit in Delaware state court. The judge said the federal action should be stayed because of the state court proceeding.
Here’s the 8th Circuit ruling. It said there were issues of federal law that couldn’t be addressed in state court, among others.
Mark Friedman of Arkansas Business provides more details.