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.

Facts

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...
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