Harris Corporation (Harris) announced in a regulatory filing that the Securities and Exchange Commission (SEC) had launched an investigation into possible violations of the Foreign Corrupt Practices Act by China-based employees of a recently acquired company. Harris announced its intention to fully cooperate with the investigation.
France's antitrust regulator the Autorité de la concurrence (the Autorité) has fined global pharmaceutical company Sanofi-Aventis (Sanofi) a total of €40.6 million for breaching Article 102 of the Treaty on the Functioning of the European Union (26 October 2012) and Article L.420-2 (Anticompetitive practices) of the French Commercial Code (French language version available only) by "abus[ing] its dominant position in the French market" for the blood thinning prescription drug clopidogrel.
The European Court of Justice (ECJ) has handed down its decision in Case C-508/11 P ENI SpA v European Commission  (8 May 2013), confirming the European Commission's (EC) 2006 decision to fine 13 companies a total of over €519 million for cartel conduct in the market for synthetic rubbers used to manufacture a range of general products, including tyres and golf balls.
The United States (US) Department of Justice (DoJ) has made available a settlement agreement (undated) under which generic pharmaceutical manufacturer Ranbaxy is to pay civil and criminal penalties totalling US$500 million after it pleaded guilty to "felony charges relating to the manufacture and distribution of certain adulterated drugs made at two of Ranbaxy's manufacturing facilities in India". According to the DoJ, Ranbaxy "pleaded guilty to three felony [US federal Food, Drug and Cosmetic Act (FDCA)] counts, and four felony counts of knowingly making material false statements to the [US Food and Drug Administration]".
Coca-Cola Co (Coca-Cola) will expand distribution of its low-calorie drinks and display more prominent nutritional energy information on its packaging in response to concerns over the purported contribution of carbonated drinks to growing obesity rates. Reportedly, Coca-Cola has also committed to not direct marketing towards children aged under 12, and to sponsor sports programs and other physical activity initiatives.
UNI Global Union has announced that over 30 clothing and retail brands that source garments from Bangladesh have agreed to the Accord on Fire and Building Safety in Bangladesh (13 May 2013) (the Accord), which now covers over 1,000 Bangladeshi garment factories for a five-year period. The Accord commits its parties to "the goal of a safe and sustainable Bangladeshi [ready-made garment] industry in which no worker needs to fear fires, building collapses, or other accidents that could be prevented with reasonable health and safety measures".
The Office of the Australian Information Commissioner (OAIC) has announced its participation in the first global International Internet Privacy Sweep along with 18 other privacy enforcement authorities. According to the OAIC, the Global Privacy Enforcement Network initiative will require an audit of each country's most popular websites to determine the accessibility and readability of their privacy policies.
Bloomberg chief executive officer Danial Doctoroff has released a statement regarding concerns raised by subscribers to its news service that Bloomberg journalists had access to subscriber data through "Bloomberg Terminals" installed by subscribers. Mr Doctoroff stated that "[a]lthough we have long made limited customer relationship data available to our journalists, we realize this was a mistake" and that the company "took immediate action" to rectify the situation.
The United States (US) Department of Justice (DoJ) has announced that former Willbros International Inc consultant Paul Novak has been penalised US$1 million and sentenced to serve 15 months in prison for his participation in a scheme to bribe Nigerian government and political party officials with over US$6 million in payments.
The United States (US) Department of the Treasury office of foreign assets control (OFAC) has made available enforcement information (25 April 2013) which states that Toyota Motor Credit Corporation (Toyota) has agreed to pay US$23,400 to settle 26 alleged breaches of the Foreign Narcotics Kingpin Sanctions Regulations.
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