Wal-Mart settles lawsuit with former executive who embezzled from company

Arkansas Bueiness Report notes that Wal-Mart has settled the lawsuit brought by former executive Tom Coughlin, who claimed he was owed benefits despite the fact that he pleaded guilty to embezzling more than $12 million from the company:

Court officials said the terms of the settlement between Coughlin and the Bentonville-based company would be sealed for 20 days. Tim Brooks, Coughlin's lawyer, said the settlement included some payment to his client, but he wouldn't say how much.