Bio-Rad CEO Tells Jury He Backdated Fired Exec's Review

By Cara Bayles (January 19, 2017, 11:20 PM EST) -- Bio-Rad's CEO admitted in a California federal court Thursday that he answered a Sarbanes-Oxley complaint brought by the company's general counsel by giving the U.S. Department of Labor a backdated review of the fired lawyer.

The testimony came in the trial of a lawsuit alleging retaliation filed by the former general counsel, Sanford Wadler, who says his termination was put into motion days after he went over Bio-Rad CEO Norman Schwartz's head and reported possible Foreign Corrupt Practices Act violations to the company's audit board. Wadler told the auditors he suspected the Bio-Rad sales team had bribed Chinese officials.

During direct examination...

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