Pfizer Settles Foreign Bribery Charges, Wins Deferred Prosecution For Helping Government

Pfizer reaches separate settlements with DoJ and SEC to resolve charges its subsidiaries bribed foreign government officials; a subsidiary enters a deferred prosecution agreement with DoJ.

Pfizer Inc.’s “extraordinary cooperation” in disclosing and dealing with a subsidiary’s improper payments to foreign officials helped the company obtain a deferred prosecution agreement for violations of the Foreign Corrupt Practices Act.

On Aug. 7, Pfizer settled two parallel investigations by the DoJ and the Securities and Exchange Commission for a total...

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