US dairy company Dean Foods has said it is in settlement talks with the US Securities and Exchange Commission over an investigation into the company’s transactions with bankrupt food distributor Fleming.


Dean said it does not expect the investigation or the settlement to have a material adverse effect on the company, reported Reuters.


The investigations surround claims that employees at several US food companies, including Dean, Kraft and PepsiCo’s Frito-Lay, signed documents allowing Fleming to book revenue as current income in order to inflate its revenue.


The SEC is investigating Fleming over its vendor trade practices, accounting for sales transactions and presentation of earnings.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.