Around the Net
SEC Investigating Hampton Creek For Mayo Buyback
- Bloomberg, Tuesday, August 23, 2016 8 AM
The U.S. Securities and Exchange Commission is looking into whether Hampton Creek broke the law by not disclosing that it was buying its own vegan mayonnaise from stores, which made the product appear to be more successful than it was. The agency is trying to determine whether the company improperly recognized revenue from those purchases.
