SEC Drops Inquiry into Deere Foreign Business Practices

January 11, 2013

The U.S. Securities and Exchange Commissioin has completed an investigation into Deere & Company and does not plan to pursue any enforcement action, Deere said.

In August 2011, news media reported that Deere was subject to an inquiry concerning alleged payments to foreign officials in Russia and surrounding countries. At that time, Deere stated that it had received a request from the SEC that Deere produce documents related to the company's activities, and those of third parties, in certain foreign countries.

Deere said it fully cooperated with the SEC during the investigation and is pleased to report this conclusion. The company also stated that Deere remains committed to its core value of doing business with the highest integrity around the globe.

Source: Deere & Company