Hain Celestial, SEC Settle Over Options Backdating

Law360, New York (September 4, 2009, 3:15 PM EDT) -- Hain Celestial Group Inc. and the U.S. Securities and Exchange Commission have struck a deal, settling the SEC's allegations that the health food producer and herbal teamaker backdated stock options for company executives.

Hain Celestial agreed to a permanent injunction against future violations of the Securities Exchange Act of 1934 and the Securities Act of 1933, according to the terms of the settlement released Thursday by the SEC.

The company will not pay any civil monetary penalties or further accounting charges, and it did not have...
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