Smith & Nephew Pays $22M To Settle US Bribery Allegations

Law360, New York (February 6, 2012, 12:55 PM EST) -- Medical device company Smith & Nephew PLC has agreed to pay more than $22 million to resolve U.S. civil and criminal allegations that its subsidiaries bribed publicly employed doctors in Greece to win their business, federal authorities said Monday.

London-based Smith & Nephew used its Greek distributor to route money to doctors who were using its devices, the U.S. Securities and Exchange Commission said. The company operates a Memphis, Tenn.-based subsidiary called Smith & Nephew Inc.

“Smith & Nephew’s subsidiaries chose a path of corruption rather...
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