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.