A low-ball initial offer is rejected and Avon says it expects to pay more for alleged bribes in China and other countries. (Subscription required)
Just Anti-Corruption reported the disclosure as it occurred last year. Other media suggested the disclosure was made this week.
The judge refused to approve the deal for two years without the company agreeing to file reports to both him and the SEC on any potential violation.
If GSK isn’t the only pharmaceutical company under investigation by Chinese authorities, a look to the list of drug makers whose conduct in China has also been probed by the United States may offer clues to the others.
Chinese authorities have detained four GSK executives on bribery allegations in a notably aggressive crackdown on the British pharmaceutical company.
U.K. drug maker GlaxoSmithKline PLC is investigating allegations that sales personnel in China rewarded doctors with cash and perks for prescribing Botox, and allegedly tried to cover their tracks by using private email, as part of a broader probe into allegations of bribery that date back several years.
DISH Network Corp. is using a 2009 Foreign Corrupt Practices Act case to fuel national security doubts about allowing Japan’s Softbank to take over Sprint Nextel.
In the fight for Sprint, the direct-broadcast satellite company links SoftBank’s chairman to bribery in China.
After bringing armed guards to a previous deposition, Adelson may again be questioned by lawyers for Steven C. Jacobs, who claims he was fired for resisting bribery.
The company uncovered bribery evidence at an acquired subsidiary in China.
The Needham, Mass., company, which offers Computer Aided Design services, among others, said it was still waiting to hear from the Justice Department.
Wynn Resorts Ltd. asserts that it had scant details on suspicious business deals by former director Kazuo Okada until a 2011 investigation by Arkin Group LLC.
Jeff Benjamin appeared to try to dampen interest in the nearly $300 million spent so far on the cosmetic company’s internal foreign bribery probe, which has attracted attention for its high cost.
The Silicon Valley industrial services technology company says the allegations may be mischief by another disgruntled company.
Mario Mancuso, a partner at Fried, Frank, Harris, Shriver & Jacobson LLP, held a conference call with clients and media Monday morning.