sec whistleblower attorneys
February 19, 2020
Diageo plc
Financial Fraud
SANCTION AMOUNT: $5000000
Defendants: Diageo plc
According to the settled administrative Order brought by the SEC, employees at Respondent's North America subsidiary pressured distributors to buy products in excess of the present demand (i.e., "channel stuffing"). The resulting increase in shipments enabled the company to report higher growth and meet performance targets.
- Key Docs
- Official SEC press release
