Violation Tracker Individual Record
Company:
Olympus Corporation of the Americas
Current Parent Company:
Olympus
Penalty:
$306,000,000
Year:
2016
Date:
May 2, 2016
Offense Group:
government-contracting-related offenses
Primary Offense:
False Claims Act and related
Secondary Offense:
kickbacks and bribery
Violation Description:
Olympus Corporation of the Americas agreed to pay $306 million as part of the settlement of multistate litigation alleging it paid illegal kickbacks to healthcare providers, in violation of federal and state False Claims Acts. This was part of a larger $646 million settlement involving the federal government; see the Violation Tracker entry at https://violationtracker.goodjobsfirst.org/violation-tracker/-olympus-corp-of-the-americas
Level of Government:
state
Action Type:
agency action
Agency:
Multistate Attorneys General Case
Civil or Criminal Case:
civil
HQ Country of Parent:
Japan
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
electrical and electronic equipment
Specific Industry of Parent:
imaging products
Source of Data:
https://web.archive.org/web/20160608144427/http://www.ag.ny.gov/press-release/ag-schneiderman-announces-306-million-national-settlement-olympus-corporation
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
