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Medtronic investigation

This article was originally published in The Gray Sheet

Executive Summary

Department of Justice sends a letter to Medtronic Nov. 16 requesting any information that the firm also is providing to the Securities and Exchange Commission related to SEC's investigation into possible violations of the U.S. Foreign Corrupt Practices Act, the firm notes in its Dec. 4 quarterly SEC filing. The firm says it is cooperating with DoJ and SEC. In September, SEC notified Stryker, Zimmer, Biomet, Smith & Nephew and Medtronic that it is investigating potential corrupt practices related to the companies' sales of devices in an unspecified number of countries including Greece, Poland and Germany (1"The Gray Sheet" Oct. 22, 2007, p. 10)

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