The U.S. Attorney’s Office in Manhattan has started an investigation into the accounting practices at Archer-Daniels-Midland, focused on the company’s nutrition business, people with direct knowledge of the matter told Bloomberg. Last month, ADM suspended CFO Vikram Luthar and cut its earnings outlook pending an inquiry into its accounting practices prompted by the Securities and Exchange Commission.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on ADM:
- Ex-Dividend Date Nearing for These 10 Stocks – Week of February 5, 2024
- Archer Daniels initiated with a Neutral at Citi
- UBS Gives a Thumbs Down on Archer Daniels Midland Stock
- Early notable gainers among liquid option names on January 29th
- Archer Daniels delays some executive bonuses amid accounting probe, Reuters says
