No connection between recent death of Diamond Foods director and investigation of company's accounting, officials say
November 23, 2011
– Officials at Diamond Foods Inc. say there is no connection between the recent death of director Joseph Silveira and a current board investigation of the company’s accounting, Bloomberg reported Nov. 23.
According to a report by CNBC, Silveira died from a self-inflicted gunshot wound. Diamond Foods posted a notice of his passing dated Nov. 17.
On Nov. 1, Diamond Foods said that its audit committee was investigating crop payments the company made to walnut growers and that it would delay completing a planned US$1.5 billion acquisition of Procter & Gamble Co.’s Pringles snack business until 2012.
The primary source of this article is Bloomberg, New York, New York, on Nov. 23, 2011.