Becton Dickinson to Pay $175 Million Fine Related to SEC Investigation

Dow Jones12-17

By Kailyn Rhone

Becton Dickinson has agreed to pay a $175 million fine to settle an investigation by the U.S. Securities and Exchange Commission.

The previously disclosed investigation was related to the medical technology company's Alaris System, which Becton Dickinson acquired from CareFusion in 2015.

The fine covers matters that happened more than four years ago. Becton Dickinson neither admits or denies the SEC's findings.

The company on Monday said it has already set aside the fine amount in its financial plans, so the payment will not impact its operations, capital allocation strategy, or fiscal 2025 guidance, and no financial restatements are required.

Becton Dickinson said it has revamped its operational and governance processes related to its disclosure practices.

Write to Kailyn Rhone at kailyn.rhone@wsj.com

(END) Dow Jones Newswires

December 16, 2024 17:49 ET (22:49 GMT)

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