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Anyone a shareholder in Medtronics want to show up at their next annual meeting and ask them about this?
by danieltillett 10y ago
Anyone a shareholder in Medtronics want to show up at their next annual meeting and ask them about this?
- adrianN 10y agoSounds like an excellent deal for the shareholders of Medtronics.
- fauigerzigerk 10y agoI'm not so sure about that. There is something called the Foreign Corrupt Practices Act (FCPA): https://www.sec.gov/spotlight/fcpa/fcpa-cases.shtml https://www.sec.gov/spotlight/fcpa/fcpa-cases.shtml
- danieltillett 10y agoNot if it induces a backlash. Plenty of companies have ended up burnt by some of their corrupt dealings.
- googamooga 10y ago> Sounds like an excellent deal for the shareholders of Medtronics. Exactly
- shawn-butler 10y agoThe U.S. Justice Department and Securities and Exchange Commission are the people to speak to regarding violations of the Foreign Corrupt Practices Act[0]. That is the law that bars American companies from bribing foreign-government officials anywhere in the world. As I recall DOJ declined to file charges against Medtronic in a previous 4-5 year investigation of their practices regarding payments to govt doctors in Europe and Malaysia so there is probably a 10-K Form in the 2012-2103 timeframe. DOJ/SEC have been actively pursuing health services and health technology companies so there is an open ear to complaints. 0: https://www.justice.gov/criminal-fraud/case/related-enforcement-actions/2015 https://www.justice.gov/criminal-fraud/case/related-enforcem...
- danieltillett 10y agoMy gut feeling is DOJ might have trouble gathering evidence on this case. Also if Medtronics has any sort of competency they will have structured this deal very carefully to avoid FCPA problems. Sometimes the only way these sort of outrages are fixed is with sunlight and activism.