U.S. SEC awards $22 million to Monsanto whistleblower

By Suzanne Barlyn. (Reuters) – A former Monsanto Co; executive who tipped the U.S. Securities and Exchange Commission to accounting improprieties involving the company’s top-selling Roundup product has been awarded more than $22 million (16.83 million pounds) from the agency’s whistleblower programme, the executive’s lawyer said on Tuesday.

FILE PHOTO - Monsanto logo is displayed on a screen where the stock is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S. on May 9, 2016. REUTERS/Brendan McDermid/File Photo
FILE PHOTO – Monsanto logo is displayed on a screen where the stock is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S. on May 9, 2016. REUTERS/Brendan McDermid/File Photo

The $22 million award – the agency’s second largest under the programme – was tied to an $80 million settlement between the SEC and Monsanto in February, according to the lawyer, Stuart Meissner in New York, in a statement.

Awards to whistleblowers by the SEC’s programme have now surpassed a total of $107 million since the agency launched the programme in 2011, the agency said in a statement on Tuesday. The largest award, in 2014, was $30 million, the agency said.

Meissner declined to reveal the whistleblower’s identity.

A Monsanto representative could not be immediately reached for comment.

(Reporting by Suzanne Barlyn; Editing by Steve Orlofsky)

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