The U.S. Justice Department has closed a foreign bribery investigation into medical device maker Misonix Inc. ’s former distributor in China, the company said.
The Farmingdale, N.Y.-based manufacturer of ultrasonic medical devices received a letter from the Justice Department last week saying there won’t be any enforcement action in connection with its China business, the company said in a securities filing made last Friday.
The decision follows a separate move by the U.S. Securities and Exchange Commission in June to end its own foreign bribery probe into the company.
The investigations came to a close nearly three years after Misonix voluntarily alerted U.S. authorities to potential issues at its business in China, illustrating how long it can take for the government to decide whether a matter warrants an enforcement action.
The full original article can be found at wsj.com