Johnson & Johnson agrees to $70 million bribe to settle bribery allegations

posted by
April 10, 2011
Posted in News

"Johnson & Johnson (JNJ), the world’s second-biggest seller of medical products, will pay $70 million after admitting that the company bribed doctors in Europe and paid kickbacks in Iraq to win contracts and sell drugs and artificial joints. ... The company agreed to pay $48.6 million in disgorgement and interest to settle the SEC’s claims and a $21.4 million fine to settle criminal charges filed by the Justice Department." (04/08/11)  

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