Imaging Company Offers $1.6 Million to Settle SEC FCPA Investigation

Analogic Corp.

Analogic Corp., a manufacturer of airport security equipment, offered the SEC $1.6 million to settle the agency's FCPA investigation of the company, according to a company press release.  The company previously reported that the DOJ and SEC had "substantially" completed their investigations of potential bribery involving transactions by the company's Danish subsidiary, BK Medical ApS.  The transactions at issue involved distributors paying BK Medical more than was owed, and then BK Medical transferring the excess money to third parties identified by the distributors.  At the time of its 2011 disclosure of the potentially problematic transactions, the company stated that it had not ascertained the ultimate beneficiaries or purpose of the transfers.  According to the company it had not yet engaged in similar settlement discussions with the DOJ or Danish government.