Monsanto to pay $80 mln in U.S. SEC settlement over Roundup earnings

Tue Feb 9, 2016 2:15pm EST
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By Sarah N. Lynch

WASHINGTON Feb 9 (Reuters) - Monsanto Co will pay $80 million to settle civil accounting violations after it allegedly misstated its earnings in connection with its top-selling Roundup product, U.S. securities regulators said on Tuesday.

The Securities and Exchange Commission also said that three accounting and sales executives have also agreed to settle charges in connection with the case.

(Reporting by Sarah N. Lynch and Lisa Lambert; Editing by Eric Walsh)