Biomet Inc. Reveals SEC Subpoena Over Alleged “Improprieties” In Brazil And Mexico

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More than 2 years after inking a $22 million deal to settle charges that it violated the Foreign Corrupt Practices Act, Biomet says the SEC issued a subpoena over alleged “improprieties” in Brazil and Mexico.

Biomet said last week that the U.S. Securities & Exchange Commission issued a subpoena over alleged “improprieties” by Biomet employees in Brazil and Mexico, more than 2 years after the medical device company settled similar allegations with the SEC and the U.S. Justice Dept. for more than $22 million.

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