Defendant Name:
Mead Johnson Nutrition Company
Defendant Type:
Public Company
SIC Code:
2023
CUSIP:
58283910
Document Reference:
34-75532
Document Details
Legal Case Name
In the Matter of Mead Johnson Nutrition Company
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
28-Jul-2015
Document Format
Administrative Proceeding
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On July 28, 2015, without admitting or denying the SEC's allegation, Mead Johnson Nutrition Company ("Mead Johnson" or "Respondent") consented to the entry of the 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 ("Order"). According to the Order, the matter "concerns violations of the books and records and internal controls provisions of the Foreign Corrupt Practices Act ('FCPA') by Mead Johnson," which occurred in connection with the operations of Mead Johnson's subsidiary in China ("Mean Johnson China") and took place up through 2013. Further, "Mead Johnson China's books and records were consolidated into Mead Johnson's books and records, thereby causing Mead Johnson's consolidated books and records to be inaccurate."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Disgorgement
Individual:
$7,770,000.00
Shared:
Civil Penalty
Individual:
$3,000,000.00
Shared:
Pre-Judgment Interest
Individual:
$1,260,000.00
Shared:
Total Penalty
Individual:
$12,030,000.00
Shared:
