Law Offices of Howard G. Smith Announces Class Action Lawsuit Against Wal-Mart de Mexico SAB de CV

Law Offices of Howard G. Smith announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all purchasers of the American Depositary Shares (“ADSs”) of Wal-Mart de Mexico SAB de CV (“Wal-Mart de Mexico” or the “Company”) (OTC Markets:WMMVY) between February 21, 2012 and April 22, 2012, inclusive (the “Class Period”).

Wal-Mart de México owns and operates a network of retail stores in Mexico and Central America. The Complaint alleges that the defendants violated federal securities laws by issuing materially false and misleading statements regarding Wal-Mart de Mexico's business practices with respect to unlawful or unethical bribery conduct, and that Wal-Mart de Mexico failed to disclose that it had been involved in a bribery scheme, thereby causing Wal-Mart de Mexico ADSs to trade at artificially inflated prices during the Class Period. In April 2012, The New York Times reported that in 2005 Wal-Mart’s own investigators found evidence confirming other instances of alleged bribery.

No class has yet been certified in this action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased Wal-Mart de México ADSs between February 21, 2012 and April 22, 2012, you have certain rights, and have until June 4, 2013 to move for lead plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

Wal Mart de Mexico SAB d... (QX) (USOTC:WMMVY)
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