Zimmer Biomet Holdings, Inc.

In January 2017, Zimmer Biomet Holdings resolved U.S. Foreign Corrupt Practices Act matters involving bribery and internal-control violations in Mexico and Brazil. The Justice Department said Zimmer Biomet agreed to pay a $17.4 million criminal penalty and that a subsidiary would plead guilty. The government said Biomet had breached a 2012 deferred prosecution agreement by continuing to use a prohibited distributor in Brazil and becoming involved in a new bribery scheme in Mexico. In a parallel SEC resolution, Biomet agreed to pay more than $13 million in disgorgement, interest and penalties. Zimmer Biomet also agreed to retain an independent compliance monitor. Sources: U.S. Department of Justice https://www.justice.gov/archives/opa/pr/zimmer-biomet-holdings-inc-agrees-pay-174-million-resolve-foreign-corrupt-practices-act U.S. Securities and Exchange Commission https://www.sec.gov/newsroom/press-releases/2017-8