Monday, February 06, 2012

Smith & Nephew to Settle Foreign Bribery Charges -

Medical-device company Smith & Nephew PLC and its U.S. unit will pay more than $22 million to settle charges that a former distributor bribed public doctors in Greece for more than a decade, the U.S. Securities and Exchange Commission said Monday.

London-based Smith & Nephew PLC will pay more than $5.4 million to settle the SEC's charges, while its U.S. subsidiary, Smith & Nephew Inc., will pay a $16.8 million fine to the U.S. Department of Justice.

Posted via email from Jack's posterous

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