A former Monsanto financial executive who alerted regulators to alleged mis-statements of the costs of a rebate programme for the company’s Roundup herbicide, will receive almost $22.5m. The sum will be paid from the $30m penalty Monsanto agreed to in its agreement with the Securities and Exchange Commission in February. The award is the second largest to a whistleblower by the SEC, following a $80m award in 2014.
A former Monsanto financial executive who alerted regulators to alleged mis-statements of the costs of a rebate programme for the company’s Roundup herbicide, will receive almost $22.5m. The sum will be paid from the $80m penalty Monsanto agreed to in its agreement with the Securities and Exchange Commission in February. The award is the second largest to a whistleblower by the SEC, following a $30m award in 2014.