Mar 24, 2017

Feds reportedly close inquiry into Hampton Creek mayo buybacks

The SEC and Justice Department have closed their inquiries into Hampton Creek, the Silicon Valley company best known for its mayonnaise made of plant products instead of eggs, and cleared the company of wrongdoing, according to media reports.

The agencies were investigating the company after Bloomberg reported that Hampton Creek was secretly buying large quantities of its mayo, making its product appear more popular and potentially inflating numbers it reported to investors and other parties.

Go deeper