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Violation Tracker Individual Record

Company: Smith & Nephew
Current Parent CompanySmith & Nephew
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $28,900,000
Year: 2007
Date: September 27, 2007
Offense Group: government-contracting-related offenses
Primary Offense: False Claims Act and related
Secondary Offense: kickbacks and bribery
Mega-ScandalHealthcare Kickbacks
Violation Description: Five companies that account for nearly 95 percent of the lucrative market in hip and knee surgical implants avoided criminal prosecution over financial inducements paid to surgeons to use their products by paying settlements and agreeing to new corporate compliance procedures and federal monitoring under 18-month agreements with the Department of Justice.
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-District of New Jersey
Civil or Criminal Case: civil and criminal
Prosecution Agreement: deferred prosecution agreement
HQ Country of Current Parent: United Kingdom
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: medical equipment and supplies
Specific Industry of Current Parent: medical equipment
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.