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Orthofix reaches agreement “in principle” with SEC over Brazil FCPA allegations

By Roger Hamilton-Martin

01 November 2016

Orthofix reaches agreement “in principle” with SEC over Brazil FCPA allegations An x-ray of an orthopedic fixation device, like the kind developed by the Texas-based Orthofix. iStock.com/urguplu

Texas-based medical device company Orthofix has set aside US$6.1 million in anticipation of a settlement with the US Securities and Exchange Commission over allegations of improper payments at its Brazilian subsidiary, Orthofix do Brasil.