Cases & Deals

Executive of medical device manufacturer settles securities fraud prosecution with a "no time" plea bargain and settles parallel SEC enforcement action with a non-fraud resolution and nominal fine

Clients Executive of medical device manufacturer

Jones Day represented the executive of a medical device manufacturer in a $200 million criminal securities fraud prosecution and in the parallel Securities and Exchange Commission (SEC) enforcement action. The plea bargain allowed the client to plead guilty to a non-fraud offense and he received a sentence of straight probation. The SEC enforcement action settled with a non-fraud resolution and a nominal fine.