Monsanto to Pay $80 Million Civil Penalty Involving Roundup Product
Monsanto to Pay $80 Million Civil Penalty The NYTimes announced yesterday (Wed. 9, Feb.) that Monsanto Company had reached an agreement with the U.S. Securities and Exchange Commission to pay $80 million in penalties to settle claims that it, “misstated earnings after failing to properly account for the costs of a sales rebate program for its flagship herbicide product, Roundup. From the NY Times: “The S.E.C. said Monsanto, an agribusiness giant based in St. Louis, had insufficient internal controls to properly track millions of dollars in rebates it offered to Roundup retailers and distributors. The rebates were part of...
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