FCPA Liability In M&A: Lessons From Pfizer Settlements

Law360, New York (September 11, 2012, 3:19 PM ET) -- On Aug. 7, 2012, the U.S. Department of Justice announced an enforcement action against Pfizer H.C.P. Corporation (Pfizer HCP), a wholly owned subsidiary of Pfizer Inc. (Pfizer), while the U.S. Securities and Exchange Commission announced related enforcement actions against Pfizer and Wyeth LLC, another wholly owned Pfizer subsidiary.

These settlements resolve one of the longest-running Foreign Corrupt Practices Act investigations and settlement processes pending before the two agencies (eight years from the time of Pfizer’s voluntary disclosure, and almost two years in the resolution phase), and...
To view the full article, take a free trial now.

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

Required