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Violation Tracker Individual Record

Company: Orthofix International
Current Parent Company: Orthofix Medical
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $14,250,000
Year: 2017
Date: January 18, 2017
Offense Group: competition-related offenses
Primary Offense: Foreign Corrupt Practices Act
Secondary Offense: accounting fraud or deficiencies
Violation Description: Medical device company Orthofix International agreed to admit wrongdoing and pay more than $14 million to settle allegations that it improperly booked revenue in certain instances and made improper payments to doctors at government-owned hospitals in Brazil in order to increase sales.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Texas
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: medical equipment and supplies
Specific Industry of Current Parent: medical devices
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.