Judge denies Wal-Mart's effort to seal documentsGiant retailer may not block public access to court documents in North Carolina tax evasion case: Report.NEW YORK (CNNMoney.com) -- A judge rejected Wal-Mart's motion to block the public from seeing court documents in its dispute with the state of North Carolina over possible tax evasion, according to a report Wednesday. The retailer filed a motion in October to have key future details sealed from public view, according to the Wall Street Journal. The move came just after the Journal published a report on how Wal-Mart (Charts, Fortune 500) paid its outside auditor, Ernst & Young, to find ways to reduce its state tax liabilities, said the piece. In the motion, Wal-Mart had claimed that public view of the documents caused "unreasonable and undue annoyance and oppression of a party that is attempting to litigate a serious dispute with a public agency." The attorney general of North Carolina said there was a public interest in having the documents available. The case challenges how the company used real-estate investment trusts to reduce its tax liability. Wal-Mart has defended the strategy as proper, said the Journal. |
Photo Galleries
When it comes to in-flight pampering, the amenity kits offered by these 10 airlines are the ultimate in luxury More
From a text therapy platform to apps that push you reminders to breathe, these self-care startups offer help on a daily basis or in times of need. More
From Uber's flying cars to the Hyperloop, these are some of the neatest transportation concepts in the works today. More
Sponsors
|
