Eli Lilly Settles SEC FCPA Claims for $29.4 Million

China Brazil Russia Poland Eli Lilly

On December 20, 2012, Eli Lilly & Co. settled an enforcement action filed the same day by the SEC for nearly $29.4 million.  The SEC alleged that Lilly subsidiaries in Russia, Brazil, China and Poland made improper payments to government officials to obtain or retain business and that Lilly itself knew of the payments by the Russian subsidiary but did not act to stop the conduct for more than five years.

• SEC Complaint
• SEC Litigation Release
• Lilly News Release