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Stock impact report

More than 30 years after fraud at Archer Daniels Midland inspired a Matt Damon film, the company was hit with a $40M fine in a price-fixing probe [Fortune]

Archer-Daniels-Midland Company (ADM) 
Last archer-daniels-midland company earnings: 4/29 04:05 pm Check Earnings Report
US:NYSE Investor Relations: adm.com/contact-us/investor-relations
Company Research Source: Fortune
Archer Daniels Midland Co. (ADM) is back in the headlines for all the wrong reasons. Recommended Video In the 1990s, the agricultural giant was implicated in a price-fixing conspiracy that became the basis for the book—and later Matt Damon movie— The Informant! . Now the company's latest controversy centers around accounting in the company's nutrition unit. After an investigation of lasting almost three years, ADM has reached a $40 million civil penalty settlement with the SEC, without admitting or denying wrongdoing, over civil allegations that it misled investors about the performance of the nutrition segment, which produces ingredients for both human and animal food, the agency announced on Tuesday. Regulators alleged ADM used improper accounting to make the segment's profits look stronger than they really were, primarily by shifting profits from other divisions through non-market “intersegment” sales and other adjustments. Former ADM executives Vince Macciocchi, former SV Show less Read more
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