Following a five-year investigation into the overseas marketing and sales practices of medical device makers, the DOJ and SEC won't bring any FCPA enforcement against one of the targeted companies, Zimmer Holdings Inc.
Entries in Johnson and Johnson (25)
Five employees of orthopedic device maker DePuy are facing criminal charges in Greece for bribing doctors at government-owned hospitals.
Medical device maker Zimmer Holdings, Inc. said in an SEC filing yesterday that it can't predict the outcome of DOJ and SEC investigations into its overseas sales practices.
A letter from two Congressmen to the U.S. Chamber of Commerce said companies that had settled FCPA cases or were under investigation for foreign bribery had helped lead efforts to narrow the scope of the law.
Biomet Inc. today became the latest medical device maker to settle FCPA offenses.
Since we first listed the top ten FCPA disgorgements a year ago, two new companies joined the list -- Johnson & Johnson and Magyar Telekom. They replaced GE and Baker Hughes.
U.K.-based medical device maker Smith & Nephew plc agreed to pay $22.2 million to settle Foreign Corrupt Practices Act offenses committed by its U.S. and German subsidiaries. The company admitted bribing government-employed doctors in Greece for more than a decade to win business.
Here's the current top ten list for corporate defendants.
As December is a time for reflection on the past twelve months, I have been considering the FCPA Enforcement Action year.
The latest issue of the Rx Compliance Report included summaries of our posts, a flock of pharmas and why benchmarking matters.