Another Pharmaceutical Company Settles FCPA Matter with SEC
The SEC’s settlement order states that AstraZeneca waived its statute of limitations defenses. The waiver is significant because AstraZeneca’s misconduct allegedly ended in 2010, and the FCPA statute of limitations is five years. Recently the SEC has conducted a number of FCPA investigations of pharmaceutical industry companies. Some, but not all, of these companies settling with SEC are SciClone Pharmaceuticals, Bristol-Myers Squibb, Eli Lily; and Johnson & Johnson.
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