Global Investigations Review - The law and practice of international investigations

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Orthofix braces for new SEC settlement despite DPA dismissal

By Dylan Tokar

02 August 2016

Orthofix braces for new SEC settlement despite DPA dismissal An x-ray of an orthopedic fixation device, like the kind developed by the Texas-based Orthofix. (Credit: iStock.com/urguplu)

Orthofix has set aside US$4.6 million as it enters into settlement negotiations with the US Securities and Exchange Commission to resolve corruption allegations involving its Brazilian subsidiary. Meanwhile, the Justice Department on 29 July agreed to dismiss the company’s four-year-old FCPA deferred prosecution agreement.