Foreign Corrupt Practices Act: Investigations Dataset

Investigation Name: Investigation into Smith & Nephew's Activities in Europe

Trend: None

Type of investigation: Internal, SEC, DOJ

Other Agencies Investigating/Assisting with SEC/DOJ Investigation: Unknown

Whistleblower: Unknown

Summary

The Smith & Nephew Group (“Smith & Nephew”) is a global medical devices business operating in the orthopaedics, endoscopy and advanced wound management markets with revenue of approximately $3.8 billion in 2008. Smith & Nephew plc is the parent company of the Smith & Nephew Group. It is an English public limited company with its shares listed on the official list of the UK Listing Authority and it is traded on the London Stock Exchange and on the New York Stock Exchange in the form of American Depositary Shares.

In September 2007, the SEC notified Smith & Nephew plc that it was conducting an informal investigation into certain marketing practices in the company's orthopaedics reconstruction business in Germany, Poland, and Greece. The DOJ joined the investigation shortly thereafter.

In response to the notification from the SEC, Smith & Nephew hired outside counsel and instituted an internal investigation into those countries as well as other European markets, and the company included its recently acquired Swiss subsidiary, Plus Orthopaedics Holding AG, in the inquiry.

On February 6, 2012, the DOJ and SEC filed settled enforcement actions against the company, resolving the investigations.

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| Investigations Dataset

Investigations Dataset

Information & Summary

Investigation into Smith & Nephew's Activities in Europe

Information & Summary

Protected Content