Monsanto, the agribusiness giant, faces an $80 million penalty to SEC on account of misstated earnings. The company had failed to incorporate the expenses related to a rebate program while entering the corresponding revenues. However, the SEC is not pressing further charges as the company, although neither admitted nor denied the allegations, has agreed to make the necessary settlements.
Carl Casale
Breaking News
Subscribe to VCpost newsletter
Most Popular
- Doctors Raise Concerns Over Proposed Capital Gains Tax Changes
- Celebrity Designer Nancy Gonzalez Jailed for Smuggling Crocodile, Python Handbags
- Where's My Child Tax Credit 2024: When to Receive My Money After April 15 Tax Filing Deadline?
- IBM Set to Acquire HashiCorp in Possible Mega-Deal, Stock Skyrockets 24% to $6.1 Billion Valuation
- Stellantis Plans to Lay Off Unspecified Number of Workers at US Factories in Coming Months
- Student Loan Forgiveness Processing for This Group of Borrowers Will Stop Next Week
- New Biden Administration Rule to Grant 4 Million Workers Overtime Pay; Here's What You Need to Know!
- Oracle CEO Reveals Plans to Relocate World Headquarters to Nashville, Citing the City’s Reputation as Well-Established Health Center
