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TIME: Almanac 1990
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1990 Time Magazine Compact Almanac, The (1991)(Time).iso
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011689
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1990-09-17
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BUSINESS, Page 47Business NotesLITIGATIONHe Can Afford To Be Tardy
Sam Walton is still the richest man in America, but his fortune
may be dented a bit because he missed a court deadline. A state
judge in Fort Worth slapped his Wal-Mart Stores chain with an $11.6
million fine because Walton, 70, was 17 days late in delivering a
deposition. The chairman's testimony was subpoenaed for a trial in
which a customer demanded $6 million after slipping in a Wal-Mart
in Sulphur Springs, Texas. The tardiness penalty dwarfed the
$35,658.30 the jury awarded Andrew Carrizales, a Houston mechanic,
for his injuries. The company will appeal Walton's fine.