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Violation Tracker Individual Record

Company: Zimmer Biomet Holdings Inc.
Current Parent CompanyZimmer Biomet
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $17,400,000
Year: 2017
Date: January 12, 2017
Offense Group: competition-related offenses
Primary Offense: Foreign Corrupt Practices Act
Secondary Offense: kickbacks and bribery
Violation Description: Zimmer Biomet Holdings Inc., an Indiana-based manufacturer of orthopedic and dental implant devices, agreed to pay a $17.4 million criminal penalty in connection with a scheme to pay bribes to government officials in Mexico and for violations of the internal controls provisions of the Foreign Corrupt Practices Act (FCPA) involving the company's operations in Mexico and Brazil. DOJ said Zimmer Biomet had been in breach of a 2012 deferred prosecution agreement (DPA) with the department resolving an earlier investigation into FCPA violations committed by Biomet Inc., which became part of Zimmer Biomet in 2015.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: criminal
HQ Country of Current Parent: USA
HQ State of Current Parent: Indiana
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: medical equipment and supplies
Specific Industry of Current Parent: medical devices
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.