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Analogic Nears End of FCPA Probe

Jaclyn Jaeger | December 12, 2014

Analogic, an airport security and medical-imaging technology provider, disclosed in a Form 10-Q this week that it’s likely to face sanctions by the Department of Justice and Securities and Exchange Commission for violations of the Foreign Corrupt Practices Act.

As initially disclosed in its annual report for the fiscal year ended July 31, 2011, Analogic identified certain transactions involving its Danish subsidiary BK Medical, and certain of its foreign distributors, that potentially violated Danish law, the FCPA, and company policies. These included transactions in which the distributors paid BK Medical more than amounts owed, and BK Medical transferred the excess amounts, at the direction of the distributors, to third parties identified by the distributors.

“We have terminated the employment of certain BK Medical employees and have wound down the relationships with the BK...

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