January 12, 2017 / 5:50 PM / 7 months ago

BRIEF-Zimmer Biomet announces resolution with DOJ,SEC

Jan 12 (Reuters) - Zimmer Biomet Holdings Inc :

* Zimmer biomet announces resolution with DOJ and SEC regarding previously disclosed legacy Biomet FCPA matters

* As part of new settlement, company has entered into a deferred prosecution agreement with DOJ with a term of three years

* As result of resolution, co to pay fines, penalties, disgorgement, interest to DOJ, SEC in amount of approximately $30.5 million

* Amounts to be paid in fines were previously recorded in company's financial statements and will not impact its 2017 outlook

* As part of settlement, also agreed to oversight by independent compliance monitor, which will focus on company's legacy Biomet operations

* JERDS Luxembourg holding S.àr.l., parent co of Biomet 3i Mexico SA de CV, unit of Biomet entered into a plea agreement with DOJ Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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