A former Monsanto Co. executive who tipped the U.S. Securities and Exchange Commission to accounting improprieties involving the company’s top-selling Roundup product has been awarded more than $22 million from the agency’s whistleblower program, the executive’s lawyer said on Tuesday.
The $22 million award – the agency’s second largest under the program – was tied to an $80 million settlement between the SEC and Monsanto in February, according to the lawyer, Stuart Meissner in New York, in a statement.
Awards to whistleblowers by the SEC’s program have now surpassed a total of $107 million since the agency launched the program in 2011, the agency said in a statement on Tuesday. The largest award, in 2014, was $30 million, the agency said.
Meissner declined to reveal the whistleblower’s identity.
A Monsanto representative could not be immediately reached for comment.
(Reporting by Suzanne Barlyn; Editing by Steve Orlofsky)
Was this article valuable?
Here are more articles you may enjoy.
FEMA Chief Resigns After Six Months, Criticism Over Floods 
AI Is Writing Performance Reviews. What Could Go Wrong? 
Amazon Sued Over ‘Punitive’ Handling of Employee Absences 
Bipartisan Legislation Introduced to Retroactively Restore NFIP 
