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Company: Bayer Healthcare
Current Parent Company:
Bayer
Parent at the Time of the Penalty Announcement:
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Penalty: $3,300,000
Year: 2010
Date: October 26, 2010
Offense Group: safety-related offenses
Primary Offense: drug or medical equipment safety violation
Violation Description: Bayer Healthcare agreed to pay $3.3 million as part of a settlement of multistate litigation alleging the company made unsubstantiated claims that its One-A-Day men's multivitamins were able to reduce the risk of prostate cancer.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: Germany
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: chemicals
Specific Industry of Current Parent: chemicals
Source of Data:
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Link to Archived Court Document:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.