Defendant Name: Novo Nordisk A/S

Defendant Type: Public Company

Document Reference: LR-21033

Document Details

Legal Case Name SEC v. Novo Nordisk A/S
Document Name SEC Files Settled Books and Records and Internal Controls Charges Against Novo Nordisk for Improper Payments to Iraq Under the U.N. Oil for Food Program
Document Date 11-May-2009
Document Format Civil Proceeding
Case Number 09-cv-00862
Federal District Court District of Columbia, District of Columbia
Allegation Type Foreign Corrupt Practices Act
Document Summary The SEC stated that: "[It] filed Foreign Corrupt Practices Act books and records and internal controls charges against Novo Nordisk in the U.S. District Court for the District of Columbia. . . . The Commission's complaint alleges that from 2000 through 2003, Novo Nordisk paid $1,437,946 in kickbacks and agreed to pay an additional $1,315,454 in kickbacks in connection with its sale of humanitarian goods to Iraq under the United Nations Oil for Food Program."

Disgorgement & Penalty Information

Resolutions
Enjoinment
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:

Disgorgement

Individual:     $4,321,523.00 Shared:    

Civil Penalty

Individual:     $3,025,066.00 Shared:    

Pre-Judgment Interest

Individual:     $1,683,556.00 Shared:    

Related Documents:

comp21033 11-May-2009 Complaint
Complaint
The SEC stated: "From approximately 2000 through 2003, Novo Nordisk A/S ("Novo Nordisk" or the "Company") violated the books and records and internal controls provisions of the Foreign Corrupt Practices Act (the "FCPA") by paying $1,437,946 in kickbacks and agreeing to pay an additional $1,315,454 in kickbacks in connection with its sale of humanitarian goods to Iraq under the United Nations Oil for Food Program (the "Program")."
court_doc3_09-cv-00862 11-May-2009 Court Docket Document
Final Judgment as to Defendant Novo Nordisk A/S
On May 11, 2009, the Court issued a final judgment as to Defendant Novo Nordisk A/S stating: "Defendant Novo Nordisk A/S . . . consented to entry of this Final Judgment without admitting or denying the allegations of the Complaint (except as to jurisdiction); waived findings of facts and conclusions of law; and waived any right to appeal from this Final Judgment."