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The following is a list of the 20 largest settlements reached between the United States Department of Justice and pharmaceutical companies from 2001 to 2013, ordered by the size of the total settlement. The settlement amount includes both the civil (False Claims Act) settlement and criminal fine.
The following is a list of the 21 largest civil settlements, reached between the United States Department of Justice and pharmaceutical companies from 2001 to 2017, ordered by the size of the total civil settlement. Some of these matters also resolved criminal fines and penalties, listed in parentheses, but these amounts are not considered when ...
In July 2014, Alstom pleaded guilty of violating the FCPA and reached a settlement with U.S. authorities to resolve the FCPA violation charges. The charges involved bribery and corruption in various countries, including Indonesia, Egypt, Saudi Arabia, and others As part of the settlement, Alstom agreed to pay a total of $772 million in fines.
$10.9 billion German pharmaceutical company Bayer agreed to pay nearly $11 billion to settle thousands of lawsuits over subsidiary Monsanto’s weed-killer Roundup. The settlement aims to clear ...
One major worry for American companies doing business overseas is the Foreign Corrupt Practices Act (FCPA), a 1977 federal law that prohibits the bribing of foreign officials. Those familiar with ...
The settlement includes those who received erroneous overdraft fees in their checking accounts, misapplied payments in their auto loans and even negligent foreclosure proceedings.
Pfizer and Wyeth agreed to separate settlements in which they paid more than $45 million combined to settle their respective charges. In a parallel action, Pfizer H.C.P. Corporation paid a $15 million penalty to resolve the DOJ's FCPA investigation.
Analysts stated that FEPA addresses a longstanding gap in US anti-bribery legislation by tackling the "demand" side of bribery. At the same time, the Foreign Corrupt Practices Act (FCPA) focuses on the "supply" side of bribery. [2] [3] One expert noted that FEPA is "probably the most important U.S. anti-bribery effort since the FCPA itself ...