Walmart to sue Texas over liquor sales regulations

Walmart is suing Texas for imposing strict legal limits on hard liquor sales that the retailer finds unconstitutional. The laws, set by the Texas Alcoholic Beverage Commission, restrict public companies with more than 35 shareholders from selling liquor and require that no company can own more than five liquor stores unless permits for the others are bought from a blood relative. Walmart is joined by Kroger and Costco, along with other retailers fighting to override the decades-old law. Texas is the only state that exclusively allows private companies—not public companies—to own liquor stores. Story