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Company: Schering-Plough Corporation
Current Parent Company:
Merck
Parent at the Time of the Penalty Announcement:
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Recap of Ownership Changes:
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Penalty: $500,000,000
Year: 2002
Date: May 1, 2002
Offense Group: safety-related offenses
Primary Offense: drug or medical equipment safety violation
Mega-Scandal:
Pharmaceutical Hazards
Violation Description: Schering-Plough agreed to pay $500 million to resolve allegations that the company did not comply with Food and Drug Administration regulations in its manufacture of drugs.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Civil Division
Civil or Criminal Case: civil
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
Source of Data:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.