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

Pfizer reaches separate settlements with U.S. DoJ and SEC to resolve charges its subsidiaries bribed Chinese, Russian and other 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 U.S. Foreign Corrupt Practices Act.

On Aug. 7, Pfizer settled two parallel investigations by the U.S. Department of Justice and the Securities and Exchange Commission...