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$14M to Settle FCPA Violations

10/6/2015

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The U.S. Securities and Exchange Commission (SEC) has announced that New York-based pharmaceutical company has agreed to settle charges that its joint venture in China made cash payments and provided other benefits to health care providers at state-owned and state-controlled hospitals in exchange for prescription sales. 

The company will pay more than $14 million to settle the SEC’s finding that it violated the Foreign Corrupt Practices Act (FCPA) and reaped more than $11 million in profits from its misconduct.


To read the entire SEC Press Release please follow this link:  $14M to Settle FCPA Violations 


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    Michael Laden is a Founder and Principal of the firm.  He is a licensed customs broker and has been toiling in the international trade industry for almost 40 years.  His full bio can be found on the ABOUT US page.

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