Defendant Name:
The Hain Celestial Group, Inc.
Defendant Type:
Public Company
SIC Code:
2099
CUSIP:
40521710
Document Reference:
34-84781
Document Details
Legal Case Name
In the Matter of The Hain Celestial Group, Inc.
Document Name
Order Instituting Cease-and-Desist Proceedings, Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
Document Date
11-Dec-2018
Document Format
Administrative Proceeding
AAER
3997
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On December 11, 2018, the SEC issued an order against The Hain Celestial Group, Inc., stating: "From at least 2014 until May 2016, Hain U.S. sales personnel gave sales incentives to certain distributors to promote sales at the end of quarters. These incentives had potential accounting implications [...] Hain disclosed in its Annual Report for fiscal year 2016, filed in June 2017, that it had material weaknesses in its internal controls over financial reporting."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC
