Sunday, April 15, 2007

NYC Comptroller Wants Wal-Mart Spy Probe

New York City's comptroller has asked the Securities and Exchange Commission and the Justice Department to investigate whether Wal-Mart illegally spied on some of its shareholders.

The request follows reports in The Wall Street Journal that the giant retailer had an internal security team that secretly investigated employees and critics, including shareholders expected to challenge some of the company's policies at an annual meeting.

The company did not immediately respond Wednesday to a request for comment. (more)