Tuesday, April 12, 2011

Depuy pays $7.9 million to end UK bribe case

FierceMedicalDevices is reporting that "Johnson & Johnson's DePuy International unit has agreed to pay about $7.9 million to end a UK probe into whether it paid bribes to Greek officials to win contracts to supply orthopedic products. The news comes as the medical devices and pharma giant also agreed to pay $70 million in a settlement in related Foreign Corrupt Practices Act (FCPA) and oil-for-food investigations by the Department of Justice and the SEC."

Click here for the WSJ store (requires subscription).

Click here for a related DoJ press release.

Click here to learn more about the FCPA.

Click here for a guide to the FCPA.

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