Stryker says DOJ, SEC have closed bribery probes

Stryker announced that the U.S. Justice Dept. and Securities and Exchange Commission have concluded their probes into potential anti-bribery law violations, which began in May 2023. The investigations focused on business activities in an undisclosed foreign country to determine if Stryker violated the Foreign Corrupt Practices Act (FCPA). Although the company has had previous FCPA violations, Stryker stated that ongoing inquiries by certain foreign authorities are not expected to materially affect its financial statements.