NEW YORK, Nov. 12, 2014 /PRNewswire/ -- Levi & Korsinsky, LLP is investigating Bio-Rad Laboratories, Inc. ("Bio-Rad" or the "Company") (NYSE: BIO) in connection with possible breaches of fiduciary duty by the Board of Directors of the Company.
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On November 3, 2014, the Company announced the resolution of previously-disclosed investigations by the Department of Justice and Securites and Exchange Commission, concerning past violations of the Foreign Corrupt Practices Act between 2005 and 2010. Bio-Rad has agreed to pay a penalty of $14.35 million, and under the terms of a civil settlement with the SEC, the Company will also pay $40.7 million in disgorgement and prejudgment interest.
If you own common stock in Bio-Rad and wish to obtain additional information, please contact Eduard Korsinsky, Esq. either via email at ek@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/bio-rad-laboratories-bio.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
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