Cases & Investigations

King v. Wal-Mart Stores, Inc.

CASE STATUS: Settled
COURT: United States District Court for the District of Nevada

This case involved allegations that Wal-Mart and other fiduciaries of the Wal-Mart Profit Sharing and 401(k) Plan (the “Plan”) breached their fiduciary duties to Plan Participants. They did so in connection with Wal-Mart’s underpayment of retirement benefits to hourly employees of Wal-Mart who participated in the Plan.

The Plan provided that Wal-Mart contribute to the Plan each year a percentage of the annual “regular salary or wages” of Wal-Mart’s employees. Although Wal-Mart publicly proclaimed that it was contributing a specified percentage of employee wages to the Plan each year, in reality Wal-Mart underpaid its contributions to the Plan by wrongfully manipulating the underlying employee wages on which Wal-Mart based Plan contributions. Wal-Mart did so through a variety of illicit practices that involved deletion from employee payroll records of hundreds of thousands of hours of time worked.

Lead Attorneys

Todd Collins Headshot

Todd S. Collins

Managing Shareholder

Request A Free Consultation

  • This field is for validation purposes and should be left unchanged.