ANTICORRUPTION DEVELOPMENTS -
Alere Inc. Agrees to Pay More Than $13 Million to Resolve SEC FCPA Enforcement Action -
On September 28, 2017, Alere Inc. (“Alere”), a Massachusetts based manufacturer of medical diagnostic and testing equipment, submitted an Offer of Settlement to the Securities and Exchange Commission (SEC), resulting in an administrative Cease and Desist Order resolving the government’s investigation of alleged violations of the Foreign Corrupt Practices Act (FCPA).
Specifically, the SEC’s enforcement action alleges that, between 2011 and 2013, Alere subsidiaries in India and Colombia used distributors or consultants to make improper payments to officials of government agencies or entities under government control to get or retain business for Alere.
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