SEC Closes Probe Of PepsiCo Payments To Kmart

Law360, New York (February 21, 2007, 12:00 AM EST) -- The U.S. Securities and Exchange Commission has ended its probe of PepsiCo’s payments to Kmart without bringing charges against the company, PepsiCo said in a financial filing Tuesday.

The SEC told PepsiCo it had terminated the probe on Dec. 6, the soft drink giant said in its filing with the SEC.

In April 2004, the company said that Pepsi and Frito-Lay had received word from the SEC saying it may bring a civil action alleging that employees with the companies signed documents in 2001 prepared by...
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