Alexion Settlement Agreement

Recently, the company “reached an agreement in principle” to settle the SEC`s claims, the filing said. $25 million is set aside to supplement them. Still, Alexion says there “can be no certainty” that the deal will be done. Alexion`s fine includes a civil penalty of $US 3.5 million as well as about US$14.2 million in direct debit, which represents an illegal profit from the business, and about US$3.8 million in interest on that profit, according to an administrative agreement reached Thursday. The Boston-based biopharmaceutical company said in its annual report Wednesday that it has reached an agreement in principle with the U.S. Securities and Exchange Commission to resolve the investigation into the Foreign Corrupt Practices Act. Alexion Pharmaceuticals Inc. entered into a preliminary settlement with U.S. authorities, where the company would pay less than US$25 million to resolve claims that violated an anti-british law.

www.wsj.com/articles/alexion-pharmaceuticals-strikes-tentative-25-million-bribery-settlement-11588785508 This comparison marks the conclusion of investigations relating to the previously published May 2015 SEC subpoena and an October 2015 voluntary DOJ request for information, focused on the company`s activities and compliance with the FCPA in different countries such as Brazil, Colombia, Japan, Russia and Turkey, as well as other applicable laws. A spokeswoman for Alexion declined to comment further on the possible SEC transaction. It was announced today that Alexion has made his comparison with the U.S. The Securities and Exchange Commission (SEC) completed the previously published investigation into the company`s compliance with the Foreign Corrupt Practices Act (FCPA) and other applicable laws in certain countries. Without admitting or denying the SEC`s results, Alexion will make a payment of approximately $21.5 million in levy, civil penalties, and early conviction interest, in accordance with the SEC`s Order of Order Procedures (OIP). As previously announced, the U.S. Department of Justice (DOJ) has completed its investigation into the matter. Although we have reached an agreement in principle with the SEC, it cannot be guaranteed that a definitive agreement reflecting in principle the terms of the agreement will be concluded or concluded. In the absence of such a definitive agreement or if the terms of a definitive agreement differ from the agreement in principle, it is possible that a loss related to these matters may occur and that this amount may be greater than the amounts provided for in principle by the agreement. In addition, if we fail to reach a definitive agreement and the SEC continues its investigation, the SEC may initiate litigation to determine whether or not our operations or activities were not in compliance with applicable laws or regulations, and such measures could result in the imposition of fines, civil penalties, appropriate remedies, including posting, rights of omission and/or other sanctions against us, and correcting these findings could have a negative impact on our business activities. In his latest application for approval for the quarter, which ended On March 31, 2020, Alexion said he had entered into “an agreement in principle with employees of the SEC`s Division of Action to settle claims related to the SEC investigation, that we would pay a total amount of less than $25 million to resolve the investigation . .

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