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KHC.US
id: 588, Created by Stan Vick Chase, Scout

Kraft Heinz $62.3M Fair Fund Securities Settlement

Pending settlement
26 February 2016
Class period Start
21 February 2019
Class period End
21 June 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.
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Lead plaintiff
SEC
Administrator
RCB Fund Services
+$62,314,211
Total Settlement Amount
Created by Stan Vick Chase, Scout

Kraft Heinz Co

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products incl...

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