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FCPA Scorecard Blog

Foreign Corrupt Practices Act & Anti-Corruption

Teva Pharmaceuticals Settles FCPA Violations With SEC and DOJ for $519 Million

DOJ SEC Score Card Teva Pharmaceuticals FCPA SEC DOJ

On December 22, Teva Pharmaceutical Industries Ltd. announced an agreement with the SEC and DOJ to resolve FCPA violations stemming from conduct in Ukraine, Mexico, and Russia, with a $519 million settlement and a deferred prosecution agreement. Teva will pay more than $236 million in disgorgement and interest to the SEC, the second largest FCPA-related corporate disgorgement to date. As part of its agreement with the DOJ, Teva will pay a $283 million criminal fine and enter into a three-year deferred prosecution agreement under the supervision of an independent compliance monitor.

Prior Scorecard coverage of the Teva investigation can be found here.

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