Securities: Wal-Mart Says No Evidence of Surveillance

Wal-Mart Stores Inc. says that they have found no evidence that a fired systems technician listened to its board or spied on shareholders who submitted proposals for its upcoming shareholders meeting. Wal-Mart says that a review by its legal department came up with the findings and added that they were mailing an affidavit and a certification of the review's findings to its shareholder proponents.

Wal-Mart says finds no evidence of surveillance

Wal-Mart has been under increased pressure to open its surveillance records after it admitted having fired security worker Bruce Gabbard for what Wal-Mart says were unauthorized recordings of calls to and from a New York Times reporter. A Wall Street Journal report earlier this month said that Gabbard claimed to be a part of a surveillance operation that spied on Wal-Mart's board and stockholders. Wal-Mart says of the investigation that it "would have been remiss from a corporate security standpoint if it had not taken reasonable steps to make such inquiries about shareholders proponents with a history of disruptive behavior."