The Coca-Cola Co. announced a settlement with the Securities and Exchange Commission related to allegations that the company used a channel-stuffing practice known as "gallon pushing" to meet earnings expectations.
The Atlanta-based soft drink giant also announced that the Justice Department closed its investigation without action into allegations of fraud raised by a former employee.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access