SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces an Investigation into Possible Breaches of Fiduciary Duties by the Board ...
November 07 2014 - 4:39PM
Business Wire
Rigrodsky & Long, P.A. announces that it is investigating
whether certain officers and directors of Bio-Rad Laboratories,
Inc. (“Bio-Rad” or the “Company”) (NYSE: BIO) breached their
fiduciary duties to shareholders.
On November 3, 2014, Bio-Rad announced the full resolution of
previously disclosed investigations by the U.S. Department of
Justice (“DOJ”) and Securities and Exchange Commission (“SEC”) into
past violations of the Foreign Corrupt Practices Act (“FCPA”) that
occurred from 2005 to 2010 related to Thailand, Vietnam, and
Russia.
Although the DOJ declined to prosecute Bio-Rad, the parties
entered into a Non-Prosecution Agreement under which Bio-Rad has
agreed to pay a penalty of $14.35 million. Under the terms of the
civil settlement with the SEC, the Company will pay $40.7 million
in disgorgement and prejudgment interest. The Company has also
agreed to certain future reporting, compliance and self-monitoring
provisions over the next two years.
If you own the common stock of Bio-Rad and would like to learn
more about the investigation, please contact Seth D. Rigrodsky or
Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway,
Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by
e-mail to info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/bio-rad-laboratories-inc-bio.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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