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Diamond Foods faces a potential delisting after failed to report its fiscal statements
date:Jun 13, 2012
eeling from the accounting scandal, which surfaced in February 2012 after the company's audit committee revealed that the company had improperly accounted millions of dollars in payments to walnut growers - an estimated $20m in 2010 and $60m in 2011.
The scandal led to the departure of CEO and CFO and the termination of an agreement to acquire snack brand Pringles from Procter Gamble, a deal which would have made Diamond Foods a leading snack company in the US.
In May 2012, private equity firm

12/20 22:03