28Jun
[Audio] Episode 148 -- A Review of the Novartis and Alcon FCPA Enforcement Action
Even during this difficult time of the pandemic, economic uncertainty and social unrest, the Justice Department and the SEC have concluded a major FCPA enforcement action. Novartis and Alcon (which was a Novartis subsidiary at the time of the misconduct) agreed to pay a total of $345 million in criminal and civil penalties. Novartis spun off Alcon in 2019. Under the DOJ settlement, Novartis and Alcon each entered into a deferred prosecution agreement; Novartis agreed to pay a fine of $225...
By:
Michael Volkov
Related
Q: I heard New York prohibits employers from discriminating based on hairstyle. What does that mean...
Read More >
The latest catchphrase in the ongoing generational battle between Millennials and their more senior ...
Read More >
A number of regulators across the globe responded to recent market volatility by introducing tempora...
Read More >
The U.S. Department of Housing and Urban Development (HUD) issued Mortgagee Letter 2020-23, dated Ju...
Read More >
In today’s edition of Daily Compliance News: Trump wants cut of Microsoft TikTok deal. (WaPo) BP r...
Read More >
Although the 2017 amendments to the TRID rule, often referred to as TRID 2.0, added commentary to TR...
Read More >