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Company: LifeScan Inc.
Current Parent Company:
Platinum Equity
Parent at the Time of the Penalty Announcement:
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Recap of Ownership Changes:
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Penalty: $60,000,000
Year: 2000
Date: December 15, 2000
Offense Group: safety-related offenses
Primary Offense: drug or medical equipment safety violation
Secondary Offense: product safety violation
Mega-Scandal:
Medical Equipment Hazards
Violation Description: LifeScan, a subsidiary of Johnson & Johnson, pled guilty to criminal charges and agreed to pay $60 million in fines for selling defective blood glucose monitoring devices to diabetics and submitting false information about the problems to federal regulators.
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-Northern District of California
Civil or Criminal Case: criminal
HQ Country of Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: private equity (including portfolio companies)
Specific Industry of Current Parent: private equity (including portfolio companies)
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.