Teva's Russian Subsidiary Pleads Guilty To FCPA Charge
Law360, Miami (June 16, 2017, 7:37 PM EDT) -- 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.
U.S. District Judge Kathleen M. Williams scheduled Friday's hearing in Miami to cover Teva LLC's entry of a guilty plea for one count of conspiracy to violate the FCPA as a result of a scheme involving bribes paid to Russian government officials, as well as the company's sentencing, but she stopped short...
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