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Government

Nov. 5, 2014

Life sciences company to pay $55 million to settle foreign bribery case

A California-based developer of life science and diagnostic tools will pay $55 million to settle claims its subsidiaries bribed government officials in Russia, Vietnam and Thailand, violating the U.S. Foreign Corrupt Practices Act.


By Hadley Robinson


Daily Journal Staff Writer


A California-based developer of life science and diagnostic tools will pay $55 million to settle claims its subsidiaries bribed government officials in Russia, Vietnam and Thailand, violating the U.S. Foreign Corrupt Practices Act.


The U.S. Department of Justice entered into a nonprosecution agreement with Bio-Rad Laboratories Inc. Monday rather than charging the company, in large part because the ...

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