SunOpta Settles SEC Investigation Over Statements

Law360, New York (September 27, 2010, 6:53 PM EDT) -- Organic food seller SunOpta Inc. has settled with the U.S. Securities and Exchange Commission, putting an end to an investigation into allegedly inflated earnings statements for 2007.

The settlement required company CEO Steven R. Bromley and former Chief Financial Officer John H. Dietrich to respectively disgorge $46,200 and $6,792 for the proceeds each received in connection with certain option exercises and sales of company stock that occurred before SunOpta's quarterly financial statements for 2007, according to an SEC filing by SunOpta on Friday.

Without admitting to...
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