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ADM To Pay $40M To Resolve SEC Accounting Fraud Claims

Signage for the U.S. Securities and Exchange Commission shows the agency logo, a circle featuring an eagle and its name

By Hailey Konnath

Archer-Daniels-Midland Co. has agreed to shell out $40 million to put to rest U.S. Securities and Exchange Commission allegations the company and several former executives committed accounting and disclosure fraud, according to announcements made Tuesday.


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    Plans to overhaul federal rules involving recusal and subpoenas fueled spirited debate Tuesday before a judiciary panel, as prominent lawyers outlined forceful views on transparency in third-party litigation funding as well as relaxed policies for serving court documents and obtaining trial testimony.

  • 'Dirty Little Secret': Airbus Sued Over Toxic Cabin Air

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    UBS AG has asked a Connecticut state court to throw out former trader Tom Hayes' lawsuit that alleges the bank scapegoated him for Libor-rigging, arguing the case doesn't belong in the state and improperly seeks to punish the bank for cooperating with prosecutors.

  • Reversed Rejection Offers Hope For AI Patent Applicants

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    A Patent Trial and Appeal Board decision last month reversing an examiner's patent eligibility rejection of an artificial intelligence patent application shows that last year's guidance from the director of the patent office is providing a clearer path to securing AI patents, attorneys say.

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    Two Seventh Circuit judges on Tuesday pressed a Ballard Spahr LLP attorney to address why his firm didn't secure in writing that an investment fund would foot the legal bills of one of its officers, as the law firm is arguing to the appellate court that it has a valid claim to legal fees in the fund's bankruptcy proceedings based on an oral agreement.

  • Texas Gov. Freezes New H-1B Hiring By Agencies, Colleges

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    Apple was sued Tuesday by a company claiming it was induced into developing technology allowing for high-fidelity imaging in a smartphone that Apple then stole for use in iPhones.

  • Creators Say Snap Bypassed YouTube Safeguards To Train AI

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    Snapchat has been hit with a proposed class action in California federal court by YouTubers who claim the social media platform wrongfully scraped copyrighted videos to train its artificial intelligence model.

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Latest News

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Expert Analysis

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    California's consumer protection efforts seem to be intensifying as federal oversight wanes, with Attorney General Rob Bonta recentl... (read more)
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