On April 8, 2011, the Wall Street
Journal (WSJ) reported that Johnson & Johnson settled certain charges
related to violations of the Foreign Corrupt Practices Act (FCPA) with the
Department of Justice (DOJ) and Securities and Exchange Commission (SEC). The
settlement was in the mechanism of a...
(Mealey's) - Johnson & Johnson (J&J) and
subsidiary DePuy International Ltd. will pay $76.9 million to resolve criminal
and civil allegations in the United States and in the United Kingdom that they
paid kickbacks to doctors in Greece, Poland, Romania and Iraq to use the
Yesterday we reviewed the background facts of the Johnson
& Johnson (J&J) Deferred Prosecution Agreement (DPA) and the issue of
self-reporting. In this posting we will review some of specific compliance
program best practices which Johnson & Johnson agreed to implement.
Current trends in FCPA enforcement are evident in the
latest settlement with Johnson & Johnson. U.S. v. Depuy, Inc. ,
(D.D.C. Filed April 8, 2011); SEC v. Johnson & Johnson , Civil Action
No. 1:11-cv-00686 (D.D.C. Filed April 8, 2011). To resolve the case with DOJ and
the SEC the company...
Since late last year, reports have been circulating that
the U.S. government is investigating whether drug companies paid bribes
overseas to increase sales and to obtain regulatory approvals. Some firms have
now announced that they have reached settlements with enforcement authorities.
And now the...