BD (Becton, Dickinson and Company) announced on December 16, 2024, that it has reached an agreement with the U.S. Securities and Exchange Commission (SEC) to resolve a previously disclosed investigation. The investigation concerned prior public disclosures and SEC reporting regarding the BD Alaris™ System, acquired from CareFusion in 2015.
As part of the settlement, BD has agreed to pay $175 million to the SEC. This amount was already reserved and disclosed in the company's fiscal year 2024 Form 10-K and was factored into BD's fiscal year 2025 cash flow plan, meaning no financial restatements are required.
The company stated that settling with the SEC is the appropriate course of action to fully resolve this matter and move forward. BD has implemented improvements to its operational and governance processes and related disclosure practices, reaffirming its commitment to operating with integrity.
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