February 09, 2016
Monsanto Company, Sara M. Brunnquell, Anthony P. Hartke, Jonathan W. Nienas
SANCTION AMOUNT: $80,135,000
Defendants: Monsanto Company
Sara M. Brunnquell, Anthony P. Hartke, Jonathan W. Nienas
Settlement of charges that Respondents violated accounting rules and misstated Monsanto Company's earnings in connection with millions of dollars in rebates offered to retailers and distributers after generic competition had undercut prices on its flagship product. Monsanto allegedly failed to recognize all of these program costs and misstated its consolidated earnings in corporate filings during a three-year period.
- Key Docs
- Official SEC press release