Orthofix Pays $7.5M To Settle Bribery Cases With SEC, DOJ

Law360, New York (July 10, 2012, 3:55 PM EDT) -- Texas medical device manufacturer Orthofix International NV will pay nearly $7.5 million to resolve allegations it violated the Foreign Corrupt Practices Act when a subsidiary bribed Mexican government officials with cash and gifts to win business from publicly owned hospitals, U.S. authorities said Tuesday.

The settlement involves Orthofix unit Promeca SA de CV, whose employees allegedly doled out $317,000 in cash, computers, televisions and other merchandise — referred to as “chocolates” — to secure deals with Instituto Mexicano del Seguro Social, the Mexican government’s health and...
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