(CNN) – The California State Teachers’ Retirement System has filed a derivative action lawsuit against current and former Wal-Mart executives and board members for the firm’s alleged bribery in Mexico and a subsequent corporate coverup, the system said Friday.
A derivative action is a lawsuit brought by shareholders on behalf of a company against a third party, and the California entity, which is the second-largest U.S. public pension fund, holds more than 5.3 million shares of Wal-Mart, valued at more than $313.5 million as of Tuesday, according to the fund and its lawsuit.

