5th Sep 2014 05:50
LONDON (Alliance News) - Smith & Nephew PLC has agreed to pay a USD11.3 million fine to settle allegations that it sold the US government devices it claimed were made in the US, but actually came from Malaysia, Reuters reported late Thursday.
The settlement was filed Wednesday, ending a whistle-blower lawsuit brought in 2008 by former Smith & Nephew information technology manager Samuel Cox, the report said.
Of the USD11.3 million, USD2.3 million will go to Cox, USD6 million to the government, and USD3 million towards attorney's fees.
http://uk.reuters.com/article/2014/09/04/uk-smith-nephew-settlement-idUKKBN0GZ2M220140904
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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