J&J Agrees to Pay $70M in Corruption Probe

Johnson & Johnson has come to terms with the U.S. government about overseas corruption. After several years of investigation by the Securities and Exchange Commission, as well as regulators in the UK, J&J has agreed to pay $70 million to settle allegations that it bribed doctors in Europe and paid kickbacks to win contracts in Iraq. The deal includes a $21.4 million criminal fine.

Various J&J units ran afoul of the Foreign Corrupt Practices Act in several countries, the government says. Its DePuy unit paid doctors in Greece to use its ortho