WSJ reports:
The Justice Department said the terms of the settlement reflect J&J's voluntarily disclosures to the government, its cooperation and the company's "role in identifying improper practices in the life sciences industry."
J&J's payments to settle the various probes include $48.6 million to the SEC in disgorgement and prejudgment interest, a $21.4 million criminal penalty to the Justice Department, and £4.8 million ($7.8 million) to the U.K. Serious Fraud Office.
A $70 million settlement to Johnson & Johnson seems like a drop in the ocean for this corporate giant. Compared to my previous post on
AstraZeneca's $1.1 billion payment. Is bribery a less serious charge than tax evasion? Or is this a "sweetheart deal"?
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