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Violation Tracker Individual Record

Company: Diamond Foods
Current Parent Company: Campbell Soup
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
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Penalty: $5,000,000
Year: 2014
Date: January 9, 2014
Offense Group: financial offenses
Primary Offense: accounting fraud or deficiencies
Violation Description: Snack foods company Diamond Foods agreed to pay $5 million to settle allegations that it engaged in an accounting scheme to falsify walnut costs in order to boost earnings and meet estimates by stock analysts.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New Jersey
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: food products
Specific Industry of Current Parent: food products
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.