The Associated Press reports that the US Securities and Exchange Commission (SEC) has decided to end its investigation of sales and accounting practices at General Mills, and will not take any enforcement action.
The announcement came as something of a surprise to some industry observers since the SEC notified General Mills more than a year ago that it intended to recommend civil action against the company, Chief Executive Steve Sanger and Chief Financial Officer James Lawrence.
General Mills had maintained that it did nothing wrong.
The announcement came as something of a surprise to some industry observers since the SEC notified General Mills more than a year ago that it intended to recommend civil action against the company, Chief Executive Steve Sanger and Chief Financial Officer James Lawrence.
General Mills had maintained that it did nothing wrong.
- KC's View:
