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 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.