Violation Tracker Individual Record

OtisMed Corp.
Current Parent Company: 
December 8, 2014
Offense Group: 
safety-related offenses
Primary Offense: 
drug or medical equipment safety violation
Violation Description: 

OtisMed and its CEO Charlie Chi pleaded guilty in federal court in Newark, New Jersey. OtisMed pleaded guilty before U.S. District Judge Claire C. Cecchi to an information charging it with distributing, with the intent to defraud and mislead, adulterated medical devices into interstate commerce in violation of the Food, Drug, and Cosmetic Act. Judge Cecchi fined OtisMed $34.4 million and ordered $5.16 million in criminal forfeiture. In a separate civil settlement, OtisMed agreed to pay $40 million plus interest to resolve its civil liability.

Level of Government: 
Action Type: 
agency action
Food and Drug Administration referral to the Justice Department
Civil or Criminal Case: 
civil and criminal
HQ Country of Parent: 
HQ State of Parent: 
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
medical equipment and supplies
Specific Industry of Parent: 
medical supplies
Source Notes: 
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Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.