SEC Settlement with Becton Dickinson

Date: Monday, WASHINGTON (Reuters)
The U.S. Securities and Exchange Commission (SEC) announced a settlement with Becton Dickinson (NYSE: BDX) regarding charges that it misled investors about the risks related to its Alaris infusion pump.

Key Points:

• Becton Dickinson agreed to pay a $175 million civil penalty.
• Charges allege that the company overstated its income by not disclosing the costs of software repairs for the pump.
• BD did not admit or deny the SEC's charges, stating that the settlement is the "right course of action to fully resolve this matter and move forward."
• The settlement will not require BD to issue financial restatements.