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Company: Alere Inc.
Current Parent Company:
Abbott Laboratories
Parent at the Time of the Penalty Announcement:
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Recap of Ownership Changes:
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Penalty: $2,000,000
Year: 2017
Date: May 18, 2017
Offense Group: competition-related offenses
Primary Offense: kickbacks and bribery
Violation Description: After purchasing Branan Medical Corp. , Alere agreed to pay $2 million to settle litigation relating to Branan's role in a scandal involving the purchase of drug testing cups for the state corrections department.
Level of Government: state
Action Type: agency action
Agency: Mississippi Attorney General
Civil or Criminal Case: civil
Facility State: Mississippi
HQ Country of Current Parent: USA
HQ State of Current Parent: Illinois
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: pharmaceuticals
Specific Industry of Current Parent: pharmaceuticals
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.