Takeaways From Stryker's FCPA Settlement

Law360, New York (November 14, 2013, 11:08 PM EST) -- 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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.