June 16, 2017
Generic-drug giant Teva Pharmaceutical's Russian subsidiary pled guilty Friday in Florida federal court to conspiring to violate the Foreign Corrupt Practices Act, and the judge indicated she will accept a sentence that involves a monitoring program and $519 million in payments imposed on the parent company through related cases.
December 22, 2016
The U.S. government has closed out a record year in Foreign Corrupt Practices Act enforcement, following Wednesday's massive Odebrecht deal with a huge FCPA penalty against Teva, the largest ever against a pharmaceutical company, and experts said the spate of cases this week is no coincidence as officials look to secure their legacies.
December 22, 2016
Teva Pharmaceutical Industries Ltd. will pay $519 million in a deferred prosecution agreement and civil settlement, and a subsidiary will plead guilty after the pharma giant admitted it paid bribes to government officials in Russia, Ukraine and Mexico, the U.S. Department of Justice announced Thursday.