New List: The FCPA Top 40
Richard L. Cassin
December 12, 2019
Here’s the FCPA Blog’s list of the 40 biggest Foreign Corrupt Practices Act resolutions of all time.… Continue Reading
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Contributing Editor
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Contributing Editor
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Contributing Editor
Is Petrobras the SEC’s new Oil-for-Food scandal?
Richard L. Cassin
April 20, 2015
March 15, 2015 More than a million protesters demand President Dilma Rousseff’s impeachment because of the corruption scandal at Brazil’s state-owned oil company, Petrobras. A compliance professional and regular reader of the FCPA Blog sent a fascinating note about the multi-billion graft scandal now brewing in Brazil involving the state-owned oil giant, Petrobras.… Continue Reading
Stryker pays $13.2 million in SEC settlement
Richard L. Cassin
October 24, 2013
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
Pharma jobs for compliance pros
FCPA Jobs
July 17, 2013
Among the many hundreds of listings in all industries, here are some compliance positions for pharmas currently displayed on FCPA Jobs:
… Continue ReadingChief 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.
More details coming about UK deferred prosecution agreements
Richard L. Cassin
June 26, 2013
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
Double declination for Zimmer
Richard L. Cassin
February 28, 2013
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.… Continue Reading
Greece charges DePuy officials
Richard L. Cassin
February 13, 2013
Five employees of orthopedic device maker DePuy are facing criminal charges in Greece for bribing doctors at government-owned hospitals.
The AP reported that the five allegedly paid €16 million ($21.5 million) in bribes to promote the company’s products.… Continue Reading
Zimmer’s latest FCPA disclosure (November 2012)
Richard L. Cassin
November 7, 2012
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
How Wal-Mart Torched FCPA Reform
Richard L. Cassin
June 20, 2012
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 Pays $22.8 Million To Settle Bribe Charges
Richard L. Cassin
March 26, 2012
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… Continue Reading
Top Ten Disgorgements (March 2012)
Richard L. Cassin
March 21, 2012
Since we 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.… Continue Reading
Smith & Nephew Reaches $22 Million Settlement
Richard L. Cassin
February 6, 2012
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