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Walmart (WMT) Stock Higher, Mexico Bribery Lawsuit Dismissed

NEW YORK (TheStreet) -- Shares of Walmart (WMT) are up 0.03% to $73.54 in afternoon trading after a St. Louis appeals court dismissed shareholder allegations that the retailer allowed and then stifled an investigation of bribery at its Mexico unit.

In a 3-0 vote, the 8th U.S. Circuit Court of Appeals in St. Louis affirmed a lower court rejection of a federal complaint alleging the defendants failed to stop Walmart de Mexico executives from bribing officials to let them open stores faster, according to court...