Wal-Mart settles with former executive

Tom Coughlin avoids a court battle with the retail giant, which filed suit to avoid paying millions to the ex-employee. Paste this link into your favorite RSS desktop reader BENTONVILLE, Ark. (AP) -- Wal-Mart Stores Inc. has settled a lawsuit it filed to avoid paying millions of dollars in a retirement package for former executive Tom Coughlin, court officials and Coughlin's attorney said Thursday. Court officials said terms of the settlement between the former Wal-Mart vice chairman and the Bentonville, Ark.-based retailer would be sealed for 20 days. Tim Brooks, Coughlin's attorney, said the settlement included a payment to his client, but he wouldn't disclose the amount. Wal-Mart did not immediately return a call for comment Thursday afternoon. Jury selection in the case was set to begin Thursday afternoon. Wal-Mart sued... [read full story]