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Violation Tracker Individual Record

Company: Olympus Corporation of the Americas
Current Parent Company: Olympus
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $1,075,000
Year: 2017
Date: November 13, 2017
Offense Group: competition-related offenses
Primary Offense: kickbacks and bribery
Violation Description: The California Insurance Commissioner reached a $1.075 million settlement with medical supply company Olympus Corporation of the Americas over alleged illegal kickbacks to physicians, hospital employees and representatives to induce them to purchase Olympus medical equipment and supplies.
Level of Government: state
Action Type: agency action
Agency: California Department of Insurance
Civil or Criminal Case: civil
Facility State: California
HQ Country of Current Parent: Japan
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: electrical and electronic equipment
Specific Industry of Current Parent: imaging products
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.