Violation Tracker Individual Record
Company:
Novo Nordisk A/S
Current Parent Company:
Novo Holdings A/S
Penalty:
$9,000,000
Year:
2009
Date:
May 11, 2009
Offense Group:
competition-related offenses
Primary Offense:
kickbacks and bribery
Violation Description:
Novo Nordisk A/S agreed to pay a $9 million penalty for illegal kickbacks paid to the former Iraqi government. Novo agreed to pay the fine as part of a deferred prosecution agreement connected to the Justice Department?s investigation into the U.N. Oil-for-Food program.
Level of Government:
federal
Action Type:
agency action
Agency:
Justice Department Criminal Division
Civil or Criminal Case:
criminal
Prosecution Agreement:
deferred prosecution agreement
HQ Country of Parent:
Denmark
Ownership Structure of Parent:
privately held
Major Industry of Parent:
pharmaceuticals
Specific Industry of Parent:
pharmaceuticals
Source of Data:
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.
