Cases & Deals

Chinese state-owned enterprise reaches settlement in federal prosecution for alleged conspiracy, money laundering, smuggling and distribution of human growth hormone

Clients Chinese biotechnology company

Jones Day negotiated a settlement according to which the government dismissed an indictment for conspiracy, money laundering, smuggling and distribution of human growth hormone in exchange for a monetary payment and a guilty plea to one count of bringing an unapproved drug into the U.S. This is the first case in which a Chinese state-owned enterprise submitted to U.S. jurisdiction to resolve a criminal matter.