Deere told no further action in foreign business practices investigation


Share
Originally Posted Online: Jan. 10, 2013, 8:18 am
Last Updated: Jan. 10, 2013, 8:19 am
Comment on this story | Print this story | Email this story

Deere & Company has been notified in a letter from the U.S. Securities and Exchange Commission Enforcement Division staff that it has completed an investigation of Deere and does not plan to pursue any enforcement action, according to a Deere news release.

In August 2011, news media reported that Deere & Company was subject to an inquiry concerning alleged payments to foreign officials in Russia and surrounding countries.

At that time, Deere stated that it had received a request from the SEC that Deere produce documents related to the company's activities, and those of third parties, in certain foreign countries.

Deere said it fully cooperated with the SEC during the investigation, that it's pleased with the conclusiion and that Deere remains committed to its core value of doing business with the highest integrity around the globe, according to the release.

For more information on John Deere, visit www.JohnDeere.com

















 



Local events heading








  Today is Monday, July 28, the 209th day of 2014. There are 156 days left in the year.

1864 -- 150 years ago: Port Byron passengers and mails will be transported by the Sterling and Rock Island railroad.
1889 -- 125 years ago: The congregation of the First Methodist church worshiped in Harper's theater, where construction work is being done at the church site.
1914 -- 100 years ago: Three-eye baseball for Moline was assured the Danville Franchise will be transferred to the Plow city.
1939 -- 75 years ago: Roseville Methodist Church is observing its 100th anniversary.
1964 -- 50 years ago: The last remaining unfinished portion of Interstate 80 between the Quad-Cities and Joliet will be opened to traffic by Aug 12.
1989 -- 25 years ago: Of all the highlights of the last 12 years, this is the greatest of all, said Dennis Hitchcock, producer director of Circa '21 Dinner Playhouse, as he torched the mortgage, clearing a $220,000 loan financing the downtown Rock Island theater's beginnings in 1977.




(More History)