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KHC.US
id: 588, Created by Stan Vick Chase, Scout
Kraft Heinz $62.3M Fair Fund Securities Settlement
Pending settlement
26 February 2016
Class period Start21 February 2019
Class period End21 June 2023
Claim deadlineKraft Heinz ($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