Kraft Heinz Co. said it is restating a host of financial statements dating as far back as 2016, after it determined they included certain misstatements. The food company said an investigation revealed misconduct by several staffers in its procurement division. The probe is largely finished and senior management wasn’t involved in the misconduct, Kraft said in a filing with the Securities and Exchange Commission.

Source: Wall Street Journal May 06, 2019 12:00 UTC