Tom Philpott wrote for Mother Jones 19 July 2011, SEC Investigates Monsanto’s Roundup Biz
A subpoena sounds like a start. If they do a real investigation I wouldn’t be surprised if they find enough evidence to pull some licenses.The SEC is investigating Monsanto’s tactics for defending the market for its herbicide, Roundup. The news emerged just before the July 4 holiday weekend, during Monsanto’s press conference about its quarterly financial earnings. Company execs boasted of a 77 percent increase in profit before dropping a mini-bombshell, The Wall Street Journal reported:
Monsanto said it was cooperating with a previously undisclosed US Securities and Exchange Commission probe into its customer incentive programs for herbicides in fiscal years 2009 and 2010, and had received a subpoena to provide related documents.
-jsq