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The following is a list of the 20 largest settlements reached between the United States Department of Justice and pharmaceutical companies from 2001 to 2013, ordered by the size of the total settlement. The settlement amount includes both the civil (False Claims Act) settlement and criminal fine.
The SEC also separately charged another pharmaceutical company that Pfizer acquired a few years ago—Wyeth LLC—with FCPA violations. Pfizer and Wyeth agreed to separate settlements in which they paid more than $45 million combined to settle their respective charges.
$10.9 billion German pharmaceutical company Bayer agreed to pay nearly $11 billion to settle thousands of lawsuits over subsidiary Monsanto’s weed-killer Roundup. The settlement aims to clear ...
In July 2014, Alstom pleaded guilty of violating the FCPA and reached a settlement with U.S. authorities to resolve the FCPA violation charges. The charges involved bribery and corruption in various countries, including Indonesia, Egypt, Saudi Arabia, and others As part of the settlement, Alstom agreed to pay a total of $772 million in fines.
If you bought anything from deodorant to soft drinks in the past several years, you could have hundreds of dollars waiting for you. Major companies dole out millions of dollars every day in class...
White-Collar Crime columnists Robert J. Anello and Richard F. Albert write: The Justice Department’s prosecution of the 1Malaysia Development Berhad case illustrates how despite early ...
BAE Systems, pleaded guilty to conspiring to defraud the US by impairing and impeding its lawful functions, to make false statements about its Foreign Corrupt Practices Act (FCPA) compliance program, and to violate the Arms Export Control Act (AECA) and International Traffic in Arms Regulations (ITAR). [1] Bankers Trust
Analysts stated that FEPA addresses a longstanding gap in US anti-bribery legislation by tackling the "demand" side of bribery. At the same time, the Foreign Corrupt Practices Act (FCPA) focuses on the "supply" side of bribery. [2] [3] One expert noted that FEPA is "probably the most important U.S. anti-bribery effort since the FCPA itself ...