SEC probes 1-cup brewer seller

Los Angeles Times - - Business - —times wire re­ports

Shares of Green Moun­tain Cof­fee Roast­ers Inc., the seller of Keurig sin­gle-cup brew­ers, fell 16% af­ter dis­clos­ing that reg­u­la­tors are in­ves­ti­gat­ing how the firm rec­og­nizes rev­enue.

The stock plunged $5.95 to $31.06, the biggest in eight years.

The Se­cu­ri­ties and Ex­change Com­mis­sion is also in­ves­ti­gat­ing the com­pany’s re­la­tion­ship with one of its ven­dors. The SEC in­formed Green Moun­tain about the probe Sept. 20. Green Moun­tain said it’s co­op­er­at­ing with the SEC.

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