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Teva Pharmaceutical Gets SEC Subpoena in Bribery Probe

This is a discussion on Teva Pharmaceutical Gets SEC Subpoena in Bribery Probe within the Law News forum, part of the FORUM INFORMATION category; The Securities and Exchange Commission is investigating Teva Pharmaceutical Industries Ltd, the world’s largest manufacturer of generic drugs, for possible ...

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Old Aug 3rd, 2012, 04:10 PM   #1
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Default Teva Pharmaceutical Gets SEC Subpoena in Bribery Probe
The Securities and Exchange Commission is investigating Teva Pharmaceutical Industries Ltd, the world’s largest manufacturer of generic drugs, for possible violations of a U.S. anti-bribery law.



The Israel-based company said in a regulatory filing that it received a subpoena from the SEC last month seeking documents related to Teva’s operations in Latin America, which accounted for about $221 million in second-quarter revenue.

Teva, Israel’s largest company by revenue, is the latest to come under scrutiny in a three-year-old U.S. government investigation of the pharmaceutical industry’s compliance with the Foreign Corrupt Practices Act, a 1977 law that bars companies from paying bribes to foreign officials to obtain business.

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