Medical device maker Zimmer Biomet Holdings Inc. agreed Thursday to pay $30.5 million to resolve DOJ and SEC investigations into the company’s “repeat” violations of the Foreign Corrupt Practices Act.
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Orthopedic device maker Zimmer Biomet Holdings Inc. said in a securities filing Friday the DOJ and SEC are still investigating possible FCPA violations in Brazil and Mexico.
Zimmer Biomet Holdings Inc. said in a securities filing Monday “it is probable that Biomet will incur additional liabilities related to” DOJ and SEC investigations of FCPA violations that occurred after Biomet’s FCPA settlement in 2012 and during its deferred prosecution agreement.
[…] settled SEC allegations Thursday that he caused FCPA violations and knowingly circumvented internal accounting controls by approving excessive commission payments to a third-party agent in Angola. Karl Zimmer didn’t admit or deny the SEC findings. He agreed to pay a $20,000 penalty. General Cable agreed Thursday to pay the DOJ and SEC $75.75 million […]
Job Title: Compliance Counsel, Investigations (APAC) Employer: Zimmer Biomet Location: Singapore
Job Title: Compliance Counsel, Investigations Employer: Zimmer Biomet Location: Washington D.C.
The Securities and Exchange Commission is investigating possible violations of the U.S. Foreign Corrupt Practices Act by Biomet Inc., Stryker Corp., Zimmer Holdings Inc., Smith & Nephew plc and Medtronic Inc. They’ve all made announcements about the SEC’s action and deny any violations. The companies make replacement implants for knees, hips and the spine […]
[…] Street Journal said Friday that “according to lawyers for the whistleblower,” he’s a former orthopedic surgeon in Brazil who worked for a subsidiary of medical device maker Zimmer Biomet Holdings Inc. The lawyers didn’t name the whistleblower but “described him as a former surgeon and former president of the Brazilian Orthopedic Sports Medicine Society,” […]