J&J Pays $78M To Settle Foreign Bribery Cases

Law360, New York (April 8, 2011, 1:32 PM EDT) -- Johnson & Johnson on Friday agreed to pay nearly $78 million to settle civil claims brought by U.S. and U.K. regulators and criminal charges in the U.S. that its subsidiaries bribed doctors in Europe and paid kickbacks in Iraq to increase business.

The U.S. Securities and Exchange Commission, the U.S. Department of Justice and the U.K.'s Serious Fraud Office said J&J units paid bribes to state-employed doctors in Greece who used the company's surgical implants from 1998 through early 2006 in violation of the Foreign Corrupt...
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