BRIEF-Zimmer Biomet says DoJ and SEC continue to evaluate its past conduct in Brazil and Mexico

viernes 25 de marzo de 2016 16:29 GYT

March 25 (Reuters) - Zimmer Biomet Holdings Inc

* Doj and sec continue to evaluate alleged misconduct in brazil and mexico

* Deferred prosecution agreement, as extended, is set to expire on march 26, 2016

* Therefore, the issue is ongoing and will not conclude in its entirety on march 26, 2016

* Doj has informed biomet that it retains its rights under dpa to bring further action against biomet relating to conduct

* Alleged improprieties related to its operations in brazil and mexico

* Doj, sec and biomet have agreed to continue to evaluate and discuss these matters during q2 of 2016

* Pursuant to dpa, doj has sole discretion to determine whether conduct by biomet constitutes a violation or breach of dpa

* Doj could, among other things, revoke dpa or prosecute biomet and/or involved employees and executives Source text: Further company coverage: (Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223 8780)