SEC Gives Dean, Kraft, Frito-Lay Notice of Possible Legal Action - KCBD NewsChannel 11 Lubbock

11/6/03

SEC Gives Dean, Kraft, Frito-Lay Notice of Possible Legal Action

Three big food producers could soon face some legal action. Dallas-based Dean Foods says the Securities and Exchange Commission notified it that the agency is considering seeking an injunction against the company.

The SEC also gave similar notice to Plano-based Frito-Lay and Illinois-based Kraft Foods. The companies say the SEC notice alleges they and some of their employees signed documents that helped Fleming Companies speed up the booking of revenue.

The S-E-C notice accuses the companies of possibly aiding and abetting Lewisville-based Fleming in accelerating revenue recognition.

  • Local News on KCBD.comNewsMore>>

  • Jury gets case after Cosby painted as predator, victim

    Jury gets case after Cosby painted as predator, victim

    Wednesday, April 25 2018 12:26 AM EDT2018-04-25 04:26:54 GMT
    Wednesday, April 25 2018 12:43 PM EDT2018-04-25 16:43:07 GMT
    (AP Photo/Matt Slocum). Bill Cosby departs after his sexual assault trial near a cloud of bubbles blown by a protester, Tuesday, April 24, 2018, at the Montgomery County Courthouse in Norristown, Pa.(AP Photo/Matt Slocum). Bill Cosby departs after his sexual assault trial near a cloud of bubbles blown by a protester, Tuesday, April 24, 2018, at the Montgomery County Courthouse in Norristown, Pa.

    Jurors at Bill Cosby's sexual assault retrial are poised to start deliberating after a marathon day of closing arguments.

    Jurors at Bill Cosby's sexual assault retrial are poised to start deliberating after a marathon day of closing arguments.

  • Lax vetting on Trump nominees begins to frustrate senators

    Lax vetting on Trump nominees begins to frustrate senators

    Wednesday, April 25 2018 12:47 AM EDT2018-04-25 04:47:40 GMT
    Wednesday, April 25 2018 12:41 PM EDT2018-04-25 16:41:44 GMT
    (AP Photo/Alex Brandon). CIA director Mike Pompeo and his wife Susan Pompeo arrive for a State Dinner with French President Emmanuel Macron and President Donald Trump at the White House, Tuesday, April 24, 2018, in Washington.(AP Photo/Alex Brandon). CIA director Mike Pompeo and his wife Susan Pompeo arrive for a State Dinner with French President Emmanuel Macron and President Donald Trump at the White House, Tuesday, April 24, 2018, in Washington.

    As President Donald Trump's pick to lead Veterans Affairs skids to a halt, senators from both parties are voicing frustration that the White House is skipping crucial vetting of nominees and leaving lawmakers to...

    As President Donald Trump's pick to lead Veterans Affairs skids to a halt, senators from both parties are voicing frustration that the White House is skipping crucial vetting of nominees and leaving lawmakers to clean up the mess.

  • Trump seems likely to win travel ban case at Supreme Court

    Trump seems likely to win travel ban case at Supreme Court

    Wednesday, April 25 2018 12:49 AM EDT2018-04-25 04:49:52 GMT
    Wednesday, April 25 2018 12:41 PM EDT2018-04-25 16:41:41 GMT
    (AP Photo/Jessica Gresko). In this April 23, 2018, photo, people wait in line outside the Supreme Court in Washington, to be in the gallery when the court hears arguments in on April 25, over President Donald Trump’s ban on travelers from several mostl...(AP Photo/Jessica Gresko). In this April 23, 2018, photo, people wait in line outside the Supreme Court in Washington, to be in the gallery when the court hears arguments in on April 25, over President Donald Trump’s ban on travelers from several mostl...

    The Supreme Court is saving one of its biggest cases for last, weighing President Donald Trump's ban on travelers from several mostly Muslim countries.

    The Supreme Court is saving one of its biggest cases for last, weighing President Donald Trump's ban on travelers from several mostly Muslim countries.

Powered by Frankly