Defendant Name:
Analogic Corporation
Defendant Type:
Public Company
Document Reference:
2016-126
Document Details
Legal Case Name
In the Matter of Analogic Corporation and Lars Frost
Document Name
SEC Charges Medical Device Manufacturer with FCPA Violations
Document Date
21-Jun-2016
Document Format
Administrative Proceeding
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On June 21, 2016, the SEC announced that "Massachusetts-based medical device manufacturer Analogic Corp. and its wholly-owned Danish subsidiary have agreed to pay nearly $15 million to settle parallel civil and criminal actions involving Foreign Corrupt Practices Act (FCPA) violations. And SEC investigation found that Analogic's Danish subsidiary, BK Medical ApS, engaged in hundreds of sham transactions with distributors that funneled about $20 million to third parties, including individuals in Russia and apparent shell companies in Belize, the British Virgin Islands, Cyprus, and Seychelles."
Disgorgement & Penalty Information
Resolutions
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC
Other Defendants in Action: