U.S. DOJ Is Probing Archer Daniels Midland Accounting Practices; U.S. Attorney's Office For Southern District Of New York In Recent Days Has Asked Former ADM Employees About Pricing Practices In ADM's Nutrition Segment
Portfolio Pulse from Benzinga Newsdesk
The U.S. Department of Justice (DOJ) is investigating Archer Daniels Midland (ADM) for its accounting practices, specifically focusing on pricing practices within its nutrition segment. The investigation is being conducted by the U.S. Attorney's Office for the Southern District of New York, which has recently been in contact with former ADM employees for information.
February 05, 2024 | 5:56 pm
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Archer Daniels Midland is under investigation by the DOJ for its accounting practices, particularly in its nutrition segment.
The investigation into ADM's accounting practices by the DOJ, especially in a segment as crucial as nutrition, could lead to negative investor sentiment and potential legal ramifications. This news is likely to create uncertainty around ADM's financial health and compliance practices, potentially impacting its stock price negatively in the short term.
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