SEC probes 1-cup brewer seller
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.