Monsanto to pay $80 million to settle SEC accounting charges

摘要

Monsanto has agreed to pay an $80-million civil penalty over charges that it violated accounting rules and misstated 2009-2011 earnings when it failed to properly account for millions of dollars in rebates offered to retailers and distributors of its Roundup-brand glyphosate. The rebate program was instituted amid competitive pressure from generic producers of the ubiquitous herbicide.