The Securities and Exchange Commission awarded $22 million to a former Monsanto Co. employee who tipped the regulator off to improper accounting.
The seedmaker agreed in February to pay $80 million to settle a case with the regulator over revenue tied to its weed-killer Roundup. The Monsanto whistle-blower was a financial executive, according to Stuart Meissner, the ex-employee’s attorney. Meissner didn’t identify the tipster by name in a statement released Aug. 30.
The SEC said Monsanto booked revenue without properly recognizing all of its costs, prompting three accounting and sales executives to pay penalties to settle allegations against them. The ...
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