(Reuters) - WASHINGTON, July 25 - ConAgra Foods Inc.
agreed to pay $45 million to settle civil charges of financial
fraud and improper accounting practices, the U.S. Securities
and Exchange Commission said on Wednesday.
The SEC said ConAgra had misused corporate reserves to
manipulate earnings in its 1999 fiscal year, and a former
subsidiary engaged in improper revenue recognition in 2000. The
company also made numerous tax errors from 2002 through 2005,
the agency said.
Read more at Reuters.com Government Filings News
agreed to pay $45 million to settle civil charges of financial
fraud and improper accounting practices, the U.S. Securities
and Exchange Commission said on Wednesday.
The SEC said ConAgra had misused corporate reserves to
manipulate earnings in its 1999 fiscal year, and a former
subsidiary engaged in improper revenue recognition in 2000. The
company also made numerous tax errors from 2002 through 2005,
the agency said.
Read more at Reuters.com Government Filings News
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