Johnson & Johnson settles bribery case with feds
BY DANIEL WAGNER (AP Business Writers), MATTHEW PERRONE (AP Business Writers)
Originally Published: Friday, April 08, 2011
Updated: Friday, April 08, 2011
WASHINGTON (AP) — Health care giant Johnson & Johnson has agreed to pay $70 million to settle civil and criminal charges of bribing doctors in Europe and paying kickbacks to the Iraqi government to illegally obtain business.
The Securities and Exchange Commission said Friday that the company settled the charges with the agency and the Justice Department without admitting or denying guilt.
The government accused J&J subsidiaries of providing money and travel gifts to doctors in Greece, Poland and Romania in exchange for their prescribing J&J products to patients. The SEC says J&J agents used fake contracts and sham companies to deliver the bribes. The SEC says the bribes began at least 13 years ago.
http://www.reliablenews.com/e71552-john … feds?cat=6
I'm shocked that a pharma company would bribe doctors!
by Stacie L5 years ago
Activists call for boycott of Johnson & Johnson over chemicals in baby shampooCampaigners have tried for more than two years to get Johnson & Johnson to remove the trace amounts of potentially cancer-causing...
by Stacie L6 years ago
NEW YORK — Johnson & Johnson said on Wednesday that it was recalling 9 million more bottles of its Tylenol painkiller because they did not adequately warn customers about the presence of trace amounts of alcohol...
by Judy Specht12 months ago
I have been listening to how the government has a billion dollars for getting people to sign up for the Affordable Healthcare Act. Would that money have been better spent training more doctors and building new...
Copyright © 2017 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.