Fresenius Medical Care to pay $231 million to resolve criminal, civil foreign bribery charges

Germany-based dialysis clinic operator Fresenius Medical Care AG will pay about $231 million to resolve criminal and civil allegations that the company paid bribes to public health and government officials in several countries to win or retain business, the U.S. Justice Department said on Friday. read more »

Lawsuits Lay Bare Sackler Family’s Role in Opioid Crisis

It was 2014, and the company the family had controlled for two generations, Purdue Pharma, had been hit with years of investigations and lawsuits over its marketing of the highly addictive opioid painkiller OxyContin, at one point pleading guilty to a federal felony and paying more than $600 million in criminal and civil penalties.

But as the country’s addiction crisis worsened, the Sacklers spied another business opportunity. They could increase their profits by selling treatments for the very problem their company had helped to create: addiction to opioids. read more »

Swedbank Criminal Probe Intensifies in Fight Over Documents

A criminal probe tied to money laundering allegations engulfing Swedbank AB drew sharp recriminations from both sides over the weekend, and raised serious questions about the role of the board. read more »