Email This Article

Diamond Foods to Pay $5 Million to Settle SEC Accounting Charges

Michael Cohn

The Securities and Exchange Commission has charged Diamond Foods and two of the San Francisco-based snack foods companyís former executives for their roles in an accounting scheme to falsify walnut costs in order to boost earnings and meet estimates by stock analysts, and the company has agreed to pay $5 million to settle the SECís charges.

Login for Registered Users:

Log in below to email an article: