Wal-Mart Sues the State of Texas, Seeks Chance to Sell Liquor

Wal-Mart has sued the Texas Alcoholic Beverage Commission over the law prohibiting publicly traded companies from selling liquor in the state. The company, which includes Wal-Mart and Sam's Club stores, is the biggest beer and wine retailer in Texas, and it wants to sell spirits, too. Texas law prohibits publicly traded companies from holding a package store permit. In the complaint filed in federal court in Austin last week, Wal-Mart said it's also challenging a loophole that "irrationally prohibits" retailers from holding more than five package store permits.