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KHC.US
id: 588

Kraft Heinz $62.3M Fair Fund Securities Settlement

It is still possible to file a late claim. The court will decide whether to accept late claims or not.
3-20523
Case number
26 Feb 2016
Class period Start
21 Feb 2019
Class period End
21 Jun 2023
Claim deadline
Kraft Heinz ($KHC) and the SEC have agreed to a $62.3 million settlement through the Fair Fund for allegations of accounting misconduct, specifically the improper reduction of COGS leading to inflated EBITDA.

Case Status
Accepting Late Claims
Alleged Offence
Misleading Statements
Financial Misrepresentation
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.11
Plaintiffs
SEC
Administrator
RCB Fund Services
Trades matching type
FIFO
+$62,314,211
Cash Settlement Amount

Kraft Heinz Co

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese...

    Ticker
    KHC.US
    ISIN
    US5007541064
    CIK
    1637459
    Sector
    Consumer Defensive
    Industry
    Packaged Foods
    Country
    USA
    Address
    One PPG Place, Pittsburgh, PA, United States, 15222