Skip to main content    

Company Filings

U.S. Securities and Exchange Commission

                        -  About                            -  Careers 
                          -  Commissioners 
                          -  Contact 
                          -  Reports and Publications 
                          -  Securities Laws 
                          -  Mission 
                          -  Commission Votes 
                        -  Divisions & Offices                            -  Corporation Finance 
                          -  Enforcement 
                          -  Investment Management 
                          -  Economic and Risk Analysis 
                          -  Trading and Markets 
                          -  Office of Administrative Law Judges 
                          -  Examinations 
                        -  Enforcement                            -  Litigation Releases 
                          -  Administrative Proceedings 
                          -  Opinions and Adjudicatory Orders 
                          -  Accounting and Auditing 
                          -  Trading Suspensions 
                          -  How Investigations Work 
                          -  Receiverships 
                          -  Information for Harmed Investors 
                        -  Regulation                            -  Rulemaking Activity 
                          -  Proposed Rules 
                          -  Final Rules 
                          -  Interim Final Temporary Rules 
                          -  Other Orders and Notices 
                          -  Self-Regulatory Organizations 
                          -  Staff Interpretations 
                        -  Education                            -  Investor Education 
                          -  Glossaries 
                          -  Small Business Capital Raising 
                        -  Filings                            -  EDGAR – Search & Access 
                          -  EDGAR – Information for Filers 
                          -  Company Filing Search 
                          -  How to Search EDGAR 
                          -  Forms List 
                          -  About EDGAR 
                        -  News                            -  Press Releases 
                          -  Speeches and Statements 
                          -  Securities Topics 
                          -  Upcoming Events 
                          -  Webcasts 
                          -  SEC Videos 
                          -  Media Gallery 

                -  U.S. Securities and Exchange Commission                    -  Divisions & Offices 
                  -  Enforcement 
                  -  Regulation 
                  -  Education 
                  -  Filings 
                  -  Newsroom 
                -  Newsroom                    -  Press Releases 
                  -  Testimony 
                -  RSS Feeds                    -  Press Releases 
                  -  Public Statements 
                  -  Speeches 
                  -  Testimony 

## Enforcement

-  Enforcement 
-  About 
-  Enforcement Manual 
-  Public Alerts 
-  Federal Court Actions 
-  Administrative Proceedings 
-  ALJ Orders 
-  ALJ Decisions 
-  Commission Opinions 
-  Trading Suspensions 
-  Information for Harmed Investors 
-  Enforcement Cooperation Program 
-  Foreign Corrupt Practices Act (FCPA) 
-  Tips & Complaints 
-  Data Delivery Standards 
-  Divisions and Offices 

## Enforcement

-  Enforcement 
-  About 
-  Enforcement Manual 
-  Public Alerts 
-  Federal Court Actions 
-  Administrative Proceedings 
-  ALJ Orders 
-  ALJ Decisions 
-  Commission Opinions 
-  Trading Suspensions 
-  Information for Harmed Investors 
-  Enforcement Cooperation Program 
-  Foreign Corrupt Practices Act (FCPA) 
-  Tips & Complaints 
-  Data Delivery Standards 
-  Divisions and Offices 

# Other

# In the Matter of Michael Mendes Admin. Proc. File No. 3-15674

                            Sept. 21, 2022                       

## *SEC v. Steven Neil*Case No. 14-cv-00122-WHA (N.D. Cal.)

On January 9, 2014, the Commission filed separate actions against Diamond Foods, Inc. ("Diamond"), a snack food company, and its former CEO, Michael Mendes ("Mendes"), and its former CFO, Steven Neil ("Neil"), for their roles in an accounting scheme to falsify walnut costs in order to boost earnings and meet estimates by stock analysts for fiscal quarters in 2010 and 2011. See Diamond's Complaint, Mendes' Order, and Neil's Complaint.

Collectively, Diamond, Mendes, and Neil were ordered to and have paid a total of $5,250,000.00 in penalties (the "Distribution Fund"). See Diamond's Final Judgment, Neil's Final Judgment, Mendes' Final Judgment.

On October 18, 2016, the Court appointed Damasco & Associates LLP as the Tax Administrator to fulfill the tax obligations of the Distribution Fund. 

On November 4, 2016, the Court created a Fair Fund for the $5,250,000.00 paid by Diamond, Mendes, and Neil to be distributed to harmed investors and appointed Kurtzman Carson Consultants as the Distribution Agent to oversee the distribution of the Fair Fund. See Order to Establish Fair Fund and Appoint a Distribution Agent.

On November 30, 2018, the Commission filed a motion to approve a distribution plan, together with the distribution plan (the “Plan”). See the Commission’s Motion and the Plan.

The Plan provides that the distribution of the Fair Fund shall be made on a pro rata basis to investors harmed by the conduct alleged in the Complaint. 

On December 18, 2018, the Court entered an order approving the Plan. See the Court’s Order. 

Claim forms must be postmarked no later than July 29, 2019. The claim form can be found here. 

For more information, please contact the Distribution Agent:

Kurtzman Carson Consultants, LLC Telephone Number: 866-677-0654Website: www.diamondfoodsfairfund.com

Email:  info@DiamondFoodsFairFund.com

SOCIAL MEDIA1Twitter 2Facebook2Instagram3RSS4YouTube6LinkedIn8Email Updates

## About The SEC

-  Budget & Performance 
-  Careers 
-  Commission Votes 
-  Contact 
-  Contracts 
-  Data Resources 

## Transparency

-  Accessibility & Disability 
-  FOIA 
-  Inspector General 
-  No FEAR Act & EEO Data 
-  Ombuds 
-  Whistleblower Protection 

## Websites

-  Investor.gov 
-  Related Sites 
-  USA.gov 

## Site Information

-  Plain Writing 
-  Privacy & Security 
-  Site Map 

**Return to Top