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Company: Coloplast
Current Parent Company:
Coloplast A/S
Parent at the Time of the Penalty Announcement:
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Penalty: $14,547,347
Year: 2022
Date: December 12, 2022
Offense Group: government-contracting-related offenses
Primary Offense: False Claims Act and related
Violation Description: The United States Attorney's Office for the District of Columbia reached an agreement with Coloplast, a medical product manufacturer, in the amount of $14,547,347 to settle claims that the company violated the Trade Agreements Act and the Price Reduction Clause in its business dealings with the Department of Veteran's Affairs.
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-District of Columbia
Civil or Criminal Case: civil
HQ Country of Current Parent: Denmark
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: medical equipment and supplies
Specific Industry of Current Parent: medical devices
Source of Data:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.