Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Monday, July 2, 2007

SEC Settles Accounting Charges Against Former ConAgra Officers

The SECC today filed settled civil actions in federal district court against former executives of ConAgra Foods, Inc., (ConAgra) and also  instituted settled administrative proceedings and filed settled  penalty  actions other executives. These  enforcement  actions  address a number of alleged  improper  accounting  practices,  inaccurate  disclosure  and income tax errors occurring between ConAgra's fiscal  years  1999  and 2005 that resulted in  ConAgra  materially  misstating  its  financial performance in its public statements and  periodic  filings  with  the Commission.

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