Olympus: Another Life Sciences Company Gets Hit Hard
Law360, New York (March 21, 2016, 11:02 AM EDT) -- Gary Giampetruzzi
Demonstrating the continued focus of the U.S. Department of Justice on the life sciences industry, on March 1, 2016, the U.S. Attorney's Office for the District of New Jersey announced a major settlement with Olympus Corporation of the Americas, the U.S. subsidiary of Olympus Corporation, a Japanese company and the largest U.S. distributor of endoscopes and related equipment.
Of the $646 million settlement, $623.2 million relates to allegations of a scheme to pay illegal bribes to doctors and hospitals across the U.S. to induce purchases of its products, in violation of the Anti-Kickback Statute and...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!