ELI LILLY PAYS MORE THAN USD29 MILLION IN SEC SETTLEMENT
January 1st, 2013
THE USA’s Securities & Exchange Commission (SEC) has settled a bribery case with Indiana-based pharmaceutical Eli Lilly & Company, where the company has agreed to pay more than USD29 million in fees, penalties and charges. Lilly was charged with violations of America’s Foreign Corrupt Practices Act (FCPA) over alleged bribes by its subsidiaries to foreign government officials in Russia, Brazil, China, and Poland, in return for business. In an out of court settlement, Lilly has agreed to pay disgorgement of USD13.9 million, prejudgment interest of ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.