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Company: Takeda Pharmaceuticals
Current Parent Company:
Takeda Pharmaceutical
Parent at the Time of the Penalty Announcement:
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Penalty: $22,000,000
Year: 2023
Date: March 23, 2023
Offense Group: employment-related offenses
Primary Offense: benefit plan administrator violation
Secondary Offense: pension ERISA violation
Violation Description: Takeda agreed to pay $22 million to settle litigation accusing it of filling its 401(k) plans with under-performing investment options.
Level of Government: federal
Action Type: private litigation
Court: District of Massachusetts
Civil or Criminal Case: civil
Case ID: 1:21-cv-10090
Case Name: Takeda Pharmaceuticals U.S.A., Inc. et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: Japan
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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Link to PACER Case Docket (must be logged in):
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Link to Archived Court Document:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.