Defendant Name:
Koninklijke Philips N.V.
Defendant Type:
Public Company
Document Reference:
2023-92
Document Details
Legal Case Name
In the Matter of Koninklijke Philips N.V.
Document Name
Dutch Medical Supplier Philips to Pay More Than $62 Million to Settle FCPA Charges
Document Date
11-May-2023
Document Format
Administrative Proceeding
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On May 11, 2023, the SEC "announced that Amsterdambased Koninklijke Philips N.V. will pay more than $62 million to resolve charges that it violated the Foreign Corrupt
Practices Act (FCPA) with respect to conduct related to its sales of medical diagnostic equipment in China."
Disgorgement & Penalty Information
Resolutions
None Specified
Monetary Penalties:
Disgorgement
Individual:
$47,000,000.00
Shared:
Civil Penalty
Individual:
$15,000,000.00
Shared:
Pre-Judgment Interest
(Penalty was noted in document, but no amount was listed)
Total Penalty
Individual:
$62,000,000.00
Shared: