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Johnson & Johnson (JNJ +0.2%) will pay $70M to settle government charges of bribery and...

Apr. 08, 2011 12:13 PM ETJohnson & Johnson (JNJ) StockJNJBy: Jason Aycock, SA News Editor9 Comments
Johnson & Johnson (JNJ +0.2%) will pay $70M to settle government charges of bribery and kickbacks in Europe and Iraq, allegedly intended to garner contracts and sales of the company's surgical implants and drugs. Why Iraq? The SEC says JNJ was working to get contracts in the UN's Oil for-Food Program.

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