Assignment task:
Please read the attached U.S. Department of Justice press release in the case United States v. Olympus Corporation of the Americas and provide a brief overview of the charges against Olympus Corporation of America (OCA) and its subsidiary Olympus Latin America (OLA). In addition, please be sure to address the following items in your discussion:
Q1. What were the terms of the Deferred Prosecution Agreement (DPA) between the U.S. Department of Justice and Olympus? Were the terms ultimately met?
Q2. What is a Corporate Integrity Agreement (CIA) and how was if applied in the case against Olympus?
Q3. What is a monitor and how was it used in the Olympus case?
Q4. What is the Foreign Corrupt Practices Act (FCPA) and how did the Olympus subsidiary, Olympus Latin America (OLA) violate the Act?
Q5. What penalty did OLA face? How was the matter against OLA resolved?
Department of Justice Press Release: Medical Equipment Company Will Pay $646 Million for Making Illegal Payments to Doctors and Hospitals in United States and Latin America (March 1, 2016)