Analogic Corporation reaches agreement with SEC DOJ and Danish Government and agreed to pay $14.9 mm penalty
Analogic Corporation (NASDAQ:ALOG)
- In 2011, the company identified certain transactions involving Danish subsidiary and certain of its foreign distributors which raised questions concerning compliance with law (refer page 22), including Danish law and the U.S. Foreign Corrupt Practices Act. The Company voluntarily disclosed this matter to the Danish Government, the U.S. Department of Justice and the SEC.
- On June 22, 2016, the company reached agreements with the SEC, DOJ and the Danish government resolving investigation relating to payments made by the Company’s Danish subsidiary. As a result of the resolution, the Company and its Danish subsidiary will pay approximately $14.9 million in disgorgement, interest, and penalties.