Takeaways From Stryker's FCPA Settlement

Law360, New York (November 14, 2013, 11:08 PM ET) -- Stryker Corp. recently agreed to pay $13.2 million to settle alleged violations of the Foreign Corrupt Practices Act resulting from purported bribes paid in Mexico, Poland, Romania, Argentina and Greece.


On Oct. 24, 2013, Stryker, a Michigan-based medical equipment maker, settled with the U.S. Securities and Exchange Commission through an administrative proceeding order. According to the order, Stryker made approximately $2.2 million in unlawful payments from August 2003 to February 2008, which were then incorrectly recorded in the company's books and records. As a result...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers