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Alexion Pharmaceuticals Resolves $21.5 Million Enforcement Action

By on July 3, 2020 in 2020 Enforcement Action, Alexion Pharmaceuticals, Brazil, Colombia, Gaining Access to Confidential Documents, Permits / Licenses / Customs / Tax, Pharmaceutical Industry, Russia, SEC Enforcement Action, Third Parties, Turkey
alexionsoli

Yesterday, the SEC announced that Alexion Pharmaceuticals (a company that has been under scrutiny since mid-2015) agreed to approximately $21.5 million to resolve an enforcement action based on the actions of foreign subsidiaries involving the company’s primary drug Soliris.

The conduct at issue focused on Alexion Illac Ticarent Limited Sirketi (Alexion Turkey), Alexion Pharma OOO (Alexion Russia), Alexion Pharma Brazil and Alexion Pharma Colombia SAS (all wholly-owned subsidiaries whose books and records were consolidated into Alexion’s financial statements).

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Stock Option Grants For Doctors Results In FCPA Enforcement Action

By on March 23, 2020 in 2005 Enforcement Actions, Anything of Value, DOJ Enforcement Action, France, Germany, Healthcare Providers As Foreign Officials, Medical Device Industry, Micrus, Spain, Stock Options, Turkey
stockoptions

[This post is part of a periodic series regarding “old” FCPA enforcement actions]

In March 2005, the DOJ announced that Micrus (a medical device company based in California) agreed to non-prosecution agreement and to pay a $450,000 criminal penalty to resolve its Foreign Corrupt Practices Act liability. The conduct at issue largely focused on stock option grants provided to physicians at publicly owned and operated hospitals in France, Turkey, Spain, and Germany.

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Turkey

By on November 27, 2019 in Turkey
Turkey

I hope this Thanksgiving finds you enjoying and being thankful for many things in your life.

Among the many things I am thankful for are your readership and I hope FCPA Professor elevates your FCPA knowledge and skills.

May your turkey be golden brown.

The following FCPA enforcement actions have involved, in whole or in part, alleged improper conduct in Turkey.

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Microsoft Resolves Long-Standing FCPA Scrutiny By Agreeing To Pay $25.3 Million

By on July 23, 2019 in 2019 Enforcement Actions, DOJ Enforcement Action, Hungary, Margins, Microsoft, Saudi Arabia, SEC Enforcement Action, Technology Industry, Thailand, Turkey
microsft

Microsoft has been under Foreign Corrupt Practices Act scrutiny since early 2013 (see here for the prior post). Yesterday, the DOJ and SEC announced here and here an aggregate $25.3 million enforcement action against the company and a Hungarian subsidiary concerning conduct in Hungary, Saudi Arabia, Thailand and Turkey.

The enforcement action involved a DOJ component involving a non-prosecution agreement involving MS Hungary in which the entity agreed to pay a $8.8 million criminal penalty and an SEC administrative order against Microsoft finding violations of the FCPA’s books and records and internal controls provisions in which the company agreed, without admitting or denying the SEC’s findings, to pay disgorgement and prejudgment interest of approximately $16.5 million.

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Fresenius Medical Care Pays Approximately $232 Million To Resolve Its Long-Standing FCPA Scrutiny

By on March 29, 2019 in 2019 Enforcement Actions, Angola, Anything of Value, Benin, Bosnia, Burkina Faso, Cameroon, Charitable Contributions, China, Distributor Issues, DOJ Enforcement Action, Fresenius Medical Care, Gabon, Healthcare Providers As Foreign Officials, Ivory Coast, Joint Venture, Medical Device Industry, Mexico, Monitor, Morocco, Niger, Permits / Licenses / Customs / Tax, Saudi Arabia, SEC Enforcement Action, Senegal, Serbia, Spain, Travel and Entertainment, Turkey
fresenius

German healthcare firm Fresenius Medical Care AG (a company with American Depositary Receipt shares traded on the NYSE) has been under FCPA scrutiny since 2012 (no that is not a typo).

Today the DOJ and SEC announced (here and here) an approximate $232 million enforcement action ($84.7 million to the DOJ and $147 million to the SEC) against the company for alleged bribery schemes involving physicians and other healthcare personnel in Angola, Saudi Arabia, Morocco, Spain, Turkey, Gabon, Benin, Burkina Faso, Senegal, Ivory Coast, Niger, Cameroon China, Serbia, Bosnia, and Mexico.

While not specified in any of the resolution documents, the DOJ’s non-prosecution agreement and SEC’s administrative order make generic reference to the Angola and Saudi Arabia conduct involving ‘agents and employees utiliz[ing] the means and instrumentalities of U.S. interstate commerce, including the use of internet-based email accounts hosted by numerous service providers located in the United States.”

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