During the first calendar quarter, there were six corporate FCPA enforcement actions and one individual resolution.
Entries in Orthofix International N.V. (4)
The SEC Wednesday charged Texas-based medical device maker Orthofix International with violating the Foreign Corrupt Practices Act when its subsidiary in Brazil made improper payments to doctors at government-owned hospitals to increase sales.
Here's the full FCPA disclosure from Orthofix International NV in its Form 10-K filed with the SEC on March 31.
Orthofix International said in an amendment to a securities filing that it has reported allegations of improper payments involving its Brazil-based subsidiary to the Justice Department and the Securities and Exchange Commission.