Johnson & Johnson settles bribery case with feds

Posted April 08, 2011, at 8:22 p.m.

WASHINGTON — Health care giant Johnson & Johnson has agreed to pay $70 million to settle civil and criminal charges of bribing doctors in Europe and paying kickbacks to the Iraqi government to illegally obtain business.

The Securities and Exchange Commission said Friday that the company settled the charges with the agency and the Justice Department without admitting or denying guilt.

The government accused J&J subsidiaries of providing money and travel gifts to doctors in Greece, Poland and Romania in exchange for their prescribing J&J products to patients. The SEC says J&J agents used fake contracts and sham companies to deliver the bribes. The SEC says the bribes began at least 13 years ago.

J&J subsidiaries also allegedly paid kickbacks to the Iraqi government to obtain contracts under the United Nations Oil for Food Program.

German utilities: Abolish nuclear power by 2020

BERLIN — Germany’s utility companies want “swift and complete” abolishment of nuclear power in the wake of the disaster at Japan’s Fukushima reactors, says their umbrella organization.

The technology should be phased out by 2020 or at the latest by 2023, the German Association of Energy and Water Industries, BDEW, said Friday following a board meeting.

Up until today the organization had been fully behind nuclear energy, but the events in Japan caused the dramatic U-turn.

The group called on the government to set everything in motion to speed up the transition toward a stable, ecologically responsible and affordable energy mix without nuclear energy.

8 killed in German pileup caused by sand storm

http://bangordailynews.com/2011/04/08/news/johnson-johnson-settles-bribery-case-with-feds/ printed on September 19, 2014