The Top SEC Settlements of 2011

By Joel Stonington - 2012-01-03T23:18:44Z

Photograph by Scott Eells/Bloomberg

Company Symbol % Change
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No. 7: Johnson & Johnson

<strong>Total Settlement:</strong> $48.6 million<br /><strong>Disgorgement:</strong> $48.6 million<br /><strong>Penalty:</strong> 0

J&J paid bribes to doctors in European countries and paid kickbacks to get business in Iraq with the United Nations Oil for Food Program, the <a href="http://sec.gov/news/press/2011/2011-87.htm">SEC alleged</a>. That led in 2011 to the largest settlement with the SEC related to the Foreign Corrupt Practices Act. J&J, in New Brunswick, N.J., has also faced related bribery investigations by Greek and British officials. The company settled <a href="http://www.justice.gov/opa/pr/2011/April/11-crm-446.html">criminal charges with the Justice Dept.</a> for $21.4 million.

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