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NO FEDERAL CHARGES FOR CONAWAY, SCHWARTZ
DETROIT -- Federal prosecutors here will not bring charges against Charles Conaway, the former chairman and chief executive officer of Kmart, and Mark Schwartz, the company's former president, after a three-year investigation into the events leading up to the chain's 2002 bankruptcy filing, reports said last week. Conaway and John McDonald, Kmart's former chief financial officer, still face civil charges brought by the Securities and Exchange Commission in August alleging that they misled investors about the company's financial condition before the bankruptcy filing.
FORMER WAL-MART VICE CHAIR SEEKS SUIT DISMISSAL
BENTONVILLE, Ark. -- Tom Coughlin, the former vice chairman of Wal-Mart Stores here, signed an agreement saying the retail giant could not sue him, his lawyer argued in court here last week, reports said. Coughlin is seeking to dismiss a lawsuit brought by Wal-Mart accusing him of misspending...