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Company: St. Jude Medical Inc.
Current Parent Company:
Abbott Laboratories
Parent at the Time of the Penalty Announcement:
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Recap of Ownership Changes:
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Penalty: $16,000,000
Year: 2011
Date: January 20, 2011
Offense Group: competition-related offenses
Primary Offense: kickbacks and bribery
Violation Description: St. Jude Medical Inc. of St. Paul, Minn., agreed to pay $16 million to resolve allegations that the company used post-market studies and a registry to pay kickbacks to induce physicians to implant the company's pacemakers and defibrillators.
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: Illinois
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
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