TranS1 (TSON) Reaches Settlement Over Federal Investigation; Will Pay $6M

Article Related Press Releases (1) Stock Quotes (1) Comments (0)

TranS1 Inc. (Nasdaq: TSON) announced that it had reached a tentative agreement in principle with the U.S. Department of Justice related to the subpoena issued in October 2011. On December 24, 2012, the Company and the staff of the Department of Justice tentatively agreed to settle its federal investigation for $6 million, subject to completion and approval of written settlement agreements with the Department of Justice and the HHS-OIG, which are expected to be finalized in the first few months of 2013. The Company admits no wrongdoing as part of the settlement.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: Senate Takes Aim at Apple (AAPL); Says Irish Unit Earned $22B, Paid $10M in Taxes
• Wesco Aircraft (WAIR) Commences 15M Common Stock Offering for Shareholder
• Acacia (ACTG). Nextgen Internet Systems Enter License

Create E-mail Alert Related Categories

Corporate News, Litigation

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?