Kraft Heinz to pay $62M to settle securities violations - NewsBreak
By Faria in Business
Updated 3 years ago
Kraft Heinz Co. has agreed to pay the U.S. Securities and Exchange Commission a civil penalty of $62 million for what regulators called a "multi-year expense management scheme" meant to mislead investors about how much cost the company was cutting after its 2015 merger. The settlement, which the food giant...