The SEC said Thursday that medical device and equipment maker Stryker Corporation will pay $13.2 million to resolve FCPA violations.
Michigan-based Stryker bribed doctors and administrators at government controlled hospitals in Argentina, Greece, Mexico, Poland, and Romania, the SEC said.… Continue Reading
Among the many hundreds of listings in all industries, here are some compliance positions for pharmas currently displayed on FCPA Jobs:
… Continue Reading
Chief Compliance Officer
Wegman Partners – Research Triangle Park, North Carolina
Wegman Partners has been engaged to seek a Chief Compliance Officer to report to the CEO of a specialty pharmaceutical company.
The UK Solicitor General is publishing a Draft Code for Crown Prosecutors Thursday that’s expected to contain further details about deferred prosecution agreements in the UK.
When the legislation comes into effect — most probably in early 2014 — it’s likely to increase the likelihood of global settlements in multi-jurisdictional cases involving fraud, corruption, or money laundering.… Continue Reading
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.
The enforcement agencies opened their investigations in 2007.… Continue Reading
By late 2010, the campaign to weaken the FCPA looked like it might succeed.
During a hearing of the Senate Judiciary Committee in November that year, Senator Amy Klobuchar (D-MN) said she’d heard from company lawyers and executives who ‘can’t sleep at night’ because of uncertainty about FCPA enforcement.… Continue Reading
Biomet Inc. today became the latest medical device maker to settle FCPA offenses.
The Warsaw, Indiana company will pay a criminal fine of $17.3 million in its settlement with the DOJ, and $5.5 million in disgorgement of profits and pre-judgment interest to the SEC.… Continue Reading
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.… Continue Reading