Novo Nordisk reaches settlements with the US Securities and Exchange Commission and Department of Justice regarding Oil-for-Food activities

Submitted by on Mon, 08/03/2009 - 03:26

Novo Nordisk announced today that it has entered into a consent agreement with the US Securities and Exchange Commission (SEC) and a deferred prosecution agreement with the US Department of Justice (DOJ) resolving their investigations of the company’s sales to Iraq during 2000 to 2003 under the UN’s Oil-for-Food programme.