After SEC settlement, Lilly waits for DOJ decision
Richard L. Cassin
February 25, 2013
The SEC charged Lilly in December last year with bribing government officials in Russia, Brazil, China, and Poland.… Continue Reading
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Posts Tagged: Poland
Eli Lilly pays $29 million in SEC settlement
Richard L. Cassin
December 20, 2012
Eli Lilly and Company resolved FCPA civil charges brought by the Securities and Exchange Commission based on bribes to government officials in Russia, Brazil, China, and Poland.
Lilly agreed Thursday to pay $29.4 million to the SEC.… Continue Reading
Beam launches India investigation
Richard L. Cassin
October 12, 2012
Illinois-based spirits company Beam Inc. is investigating possible FCPA violations in India, according to a report Friday by the Times of India.
Whistleblower complaints triggered the investigation into ‘excise duty violations, invoicing problems, and handing over distribution in some key markets,’ the report said.… 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
Medical Ghosting And The FCPA
Richard L. Cassin
July 27, 2010
The debate about medical ghosting has focused on the U.S. market. But could the DOJ and SEC now be looking at the practice overseas, where it might violate the FCPA?
Main Justice reported that in April, the DOJ and SEC sent letters to AstraZeneca PLC, Baxter International Inc.,… Continue Reading
Charity Without Fear
Richard L. Cassin
October 12, 2009
The question most asked by our readers during the past year was this: What does the Foreign Corrupt Practices Act say about charitable contributions? It comes up so often because all American and U.S.… Continue Reading
When Is Charity A Bribe?
Richard L. Cassin
January 8, 2008
No good deed goes unpunished, or so the saying goes. That sure came true for Schering-Plough a few years ago. From February 1999 to March 2002, the New Jersey-based maker of Afrin, Claritin, Coricidin and Cipro, among other leading drugs, violated the Foreign Corrupt Practices Act through overseas charitable giving.… Continue Reading