DOJ: BIOMET BREACHED DEFERRED PROSECUTION AGREEMENT (Orthopedics This Week)
Read more... Tiger's Timeline of DOJ versus Orthopedic Companies
When Zimmer Holdings, Inc. purchased Biomet, Inc., Zimmer management was well aware that Biomet was under the cloud of a 2012 deferred prosecution agreement (DPA) with U.S. Justice Department to resolve a foreign corruption investigation (FCPA).
The DPA was extended for successive years as prosecutors continued to investigate Biomet's conduct.
Now that cloud has gotten darker as prosecutors say Biomet has breached the DPA.
Prosecutors filed a status repor...
