Kimco Realty gets SEC subpoena, notice from DOJ related to Wal-Mart probe

Kimco Realty (KIM) disclosed in a regulatory filing that on January 28 the company received a subpoena from the Enforcement Division of the SEC in connection with an investigation, In the Matter of Wal-Mart Stores (WMT), that the SEC Staff is currently conducting with respect to possible violations of the Foreign Corrupt Practices Act. Kimco said it is responding to the subpoena and intends to cooperate fully with the SEC in this matter. Kimco said it has also been notified that the U.S. Department of Justice is conducting a parallel investigation, and added it expects that it will cooperate with the DOJ investigation. Kimco noted, "At this point, we are unable to predict the duration, scope or result of the SEC or DOJ investigation."

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