John Deere Hits A Bump: Stock Slips Amid $9.93M Bribery Settlement
John Deere(DE) Benzinga·2024-09-10 23:31
Deere & Co. DE, doing business as, John Deere, might be famous for its green tractors, but it's seeing red as news broke of a $9.93 million settlement with the SEC.The charge? Violations of the Foreign Corrupt Practices Act through improper payments made by its subsidiary, Wirtgen Thailand, to foreign officials, including those from Thailand's Royal Air Force, reported Reuters.The stock has been dragging too, down 4.49% YTD and 4.37% over the last year. But despite the legal drama, Deere's fundamentals may ...