Originally Posted Online: Jan. 10, 2013, 8:18 am
Last Updated: Jan. 10, 2013, 8:19 am
Deere told no further action in foreign business practices investigation
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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