Monsanto Co. (MON: 47.71, 0, 0%) has agreed to pay a fine of $2.5 million for the misbranding of its cotton-seed products, according to a press release from the U.S. Environmental Protection Agency.

The settlement marks the largest civil administrative penalty to be enforced as part of the federal regulations governing the sale and use of insecticide, fungicide and rodenticide, the EPA said.

"This agreement shows that when a company violates the law by distributing misbranded pesticides, EPA will take action," said Cynthia Giles, assistant administrator for EPA’s Office of Enforcement and Compliance Assurance, in a statement. “The regulated community should understand that we take these violations seriously, and the public will accept nothing less than compliance.”

Further details are available at foxbusiness.com