Defendant Name:
Bio-Rad Laboratories, Inc.
Defendant Type:
Public Company
SIC Code:
3826
CUSIP:
09057210
Document Reference:
34-73496
Document Details
Legal Case Name
In the Matter of Bio-Rad Laboratories, Inc.
Document Name
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
Document Date
03-Nov-2014
Document Format
Administrative Proceeding
AAER
3594
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On November 3, the SEC instituted settled administrative proceedings against Bio-Rad Laboratories, Inc. arising from violations of the Foreign Corrupt Practices Act concerning medical diagnostic and life science equipment sales to government customers in Russia, Vietnam, and Thailand. The SEC alleged: "From approximately 2005 to 2010, subsidiaries of Bio-Rad made unlawful payments in Vietnam and Thailand to obtain or retain business. During the same period, Bio-Rad's subsidiary paid certain Russian third parties, disregarding the high probability that at least some of the money would be used to make unlawful payments to government officials in Russia."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Other Compliance Related Undertaking
Various undertakings
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC
Monetary Penalties:
Disgorgement
Individual:
$35,100,000.00
Shared:
Pre-Judgment Interest
Individual:
$5,600,000.00
Shared: