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Violation Tracker Individual Record

Company: Micrus Corporation
Current Parent CompanyJohnson & Johnson
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Penalty: $450,000
Year: 2005
Date: March 2, 2005
Offense Group: competition-related offenses
Primary Offense: Foreign Corrupt Practices Act
Secondary Offense: kickbacks and bribery
Violation Description: Micrus Corporation--a privately held company based in Sunnyvale, California that develops and sells, in domestic and foreign markets, medical devices known as embolic coils which allow minimally invasive treatment of neurovascular diseases such as intracranial aneurysms--agreed to resolve its criminal liability associated with potential violations of the Foreign Corrupt Practices Act by paying $450,000 in penalties to the United States and cooperating fully with an investigation by the Department of Justice.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: criminal
Prosecution Agreement: non-prosecution agreement
HQ Country of Current Parent: USA
HQ State of Current Parent: New Jersey
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: pharmaceuticals
Specific Industry of Current Parent: pharmaceuticals
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.