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Analogic Proposes $1.6 Million FCPA Settlement

Jaclyn Jaeger | September 18, 2015

Analogic, an airport security and medical-imaging technology provider, said in a quarterly filing this week that it has proposed a $1.6 million settlement to the Securities and Exchange Commission to resolve a Foreign Corrupt Practices Act case.

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.

Analogic said it voluntarily...

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