Sentences with phrase «imposed substantial fines»

For the first time the EC imposed substantial fines against the brand name Lundbeck (over $ US 100 million) and 4 generic manufacturers (totalling over $ US 65 million) for entering into a reverse payment agreement regarding the «blockbuster» antidepressant citalopram.

There is reason for greater optimism for potential claims relating to allegations of Forex manipulation, for which UK and US regulatory bodies have imposed substantial fines on banks and which is currently subject to a European Commission (EC) investigation.

Not exact matches

First, the Commissioner should have the authority to impose fines on organizations in circumstances where there has been substantial or systemic non-compliance with privacy obligations.

In the SFO - British Aerospace deal, the company pleaded guilty to a relatively trivial Companies Act offence for which a limited court - imposed fine is expected and it also agreed to make a substantial charitable donation.

She adds: «In the meantime, it is vitally important that employers comply with their obligations as licensed employers to avoid incurring the substantial fines and criminal sanctions that may be imposed.»

Although very rare, a jail sentence or a substantial fine could theoretically be imposed as a punishment if a witness misleads a select committee.