Snack Maker Diamond Reveals SEC Probe

Law360, New York (December 15, 2011, 2:01 PM EST) -- Snack maker Diamond Foods Inc., already facing an internal probe of its accounting practices and lawsuits from angry investors, revealed on Thursday that it is now subject to an investigation by federal securities regulators.

In a filing with the U.S. Securities and Exchange Commission, Diamond said that it received a formal order of investigation from the agency's staff Wednesday. Diamond did not provide any specifics of the SEC's probe in its filing, but did note that the audit committee of its board of directors is already...
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