Teva Pharmaceutical's $519 million enforcement action last month included disgorgement to the SEC of $236 million -- the second biggest FCPA disgorgement of all time.
Entries in Teva (7)
Teva Pharmaceutical's $519 million resolution Thursday landed fourth on our list of the ten biggest FCPA cases of all time. It's the first time an Israeli company has appeared in the top ten.
Teva Pharmaceuticals Industries Ltd. agreed Thursday with the DOJ and SEC to resolve FCPA violations through a deferred prosecution agreement and total payments of $519 million.
Israel's enforcement of its foreign bribery statute took years to get off the ground but it's now going full speed ahead.
Israel's Teva Pharmaceutical said in a securities filing Tuesday it has reserved $520 million for an FCPA settlement.
Israel's Teva Pharmaceutical Industries Limited said last week it was subpoenaed by the SEC because of potential FCPA compliance problems in Latin America.