Orthofix Announces Resolution of SEC Investigations

Orthofix (OFIX) reached final resolutions of two previously-disclosed SEC investigations and agreed to pay ~US $14.0MM to settle charges regarding historic accounting matters and anti-bribery matters in Brazil. OFIX also agreed to retain an independent compliance consultant for one year.

The first resolution relates to accounting errors that...

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Julie Vetalice is ORTHOWORLD's Editorial Assistant. She has covered the orthopedic industry for over 20 years, having joined the company in 1999.

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