U.S. SEC Continues to Crack Down On Corruption in China

U.S. SEC Continues to Crack Down On Corruption in China

On July 28, 2015, the U.S. Securities and Exchange Commission (the “SEC”) announced that Mead Johnson Nutrition Company (“Mead Johnson”) has agreed to a $12 million settlement, which includes a $3 million penalty, for charges that its Chinese subsidiary made improper payments to health care professionals at government-owned hospitals in China.