Defendant Name: Johnson & Johnson

Defendant Type: Public Company

Document Reference: court_doc4_11-cv-00686

Document Details

Legal Case Name SEC v. Johnson & Johnson
Document Name Final Judgment as to Defendant Johnson & Johnson
Document Date 13-Apr-2011
Document Format Civil Proceeding
Case Number 11-cv-00686
Federal District Court District of Columbia, District of Columbia
Federal District Judge Gladys Kessler
Allegation Type Foreign Corrupt Practices Act
Document Summary On April 13, 2011, Federal District Judge Gladys Kessler entered final judgment against Johnson & Johnson pursuant to the consent of Johnson & Johnson.

Disgorgement & Penalty Information

Resolutions
Enjoinment
Other Compliance Related Undertaking
Monetary Penalties:

Disgorgement

Individual:     $38,227,826.00 Shared:    

Pre-Judgment Interest

Individual:     $10,438,490.00 Shared:    

Related Documents:

comp21922 08-Apr-2011 Complaint
Complaint
On April 8, 2011, the SEC filed a complaint in the District Court for the District of D.C. alleging that Johnson & Johnson subsidiaries, employees, and agents paid bribes to doctors in Greece, Poland, and Romania. In addition, "J&J's subsidiaries and agent paid kickbacks to Iraq in order to obtain contracts under the United Nations Food for Oil Program." The SEC alleges that J&J violated the Exchange Act by making illicit payments to foreign officials and by failing to record these payments properly or have adequate internal controls in place.
LR-21922 08-Apr-2011 Litigation Release
Johnson & Johnson to Pay More Than $70 Million In Settled FCPA Enforcement Action
On April 8, 2011, the SEC filed a litigation release announcing a settlement with Johnson & Johnson resolving FCPA charges against the company.
2011-87 08-Apr-2011 Press Release--Civil Action
SEC Charges Johnson & Johnson With Foreign Bribery; J&J to Pay $70 Million to Settle Cases Brought by SEC and Criminal Authorities
On April 7, 2011, the SEC announced that it charged Johnson and Johnson ("J&J") with violating the Foreign Corrupt Practices Act ("FCPA") by bribing public doctors in several European countries and paying kickbacks to Iraq to illegally obtain business. Without admitting or denying the SEC's allegations, J&J has consented to the entry of a court order permanently enjoining it from future violations of future securities laws, to pay $38,227,826 in disgorgement and $10,438,490 in prejudgment interest, and to comply with certain undertakings regarding its FCPA compliance program. J&J voluntarily disclosed some of the violations by its employees and conducted a thorough internal investigation to determine the scope of the bribery and other violations, including proactive investigations in more than a dozen countries by both its internal auditors and outside counsel. J&J's internal investigation and its ongoing compliance programs were essential in gathering facts regarding the full extent of J&J's FCPA violations. In a related criminal proceeding, J&J agreed to pay an additional $21.4 million fine to settle the charged brought by the U.S. Department of Justice, and a resolution of a related investigation by the United Kingdom Serious Fraud Office is anticipated.