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. In an interview on Wednesday, David Michaels, Monsanto’s vice-president of global corporate affairs, said he was “very pleased” by the settlement.
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.