Landec self-reports Foreign Corrupt Practice Act probe in Mexico to US authorities
( January 2, 2020, 23:25 GMT | Official Statement) -- MLex Summary: Landec, a California-based food company, said it has retained a law firm to conduct an internal investigation into potential Foreign Corrupt Practices Act "compliance matters" related to the permitting of a guacamole manufacturing facility in Mexico. Landec self-reported the probe to the US Justice Department and the Securities and Exchange Commission. It also said that it holds an indemnification agreement from Yucatan Foods, the predecessor firm through which Landec acquired the guacamole facility, that could allow it to recover liability costs.Excerpt follows:...
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