Faruqi & Faruqi, LLP is Investigating Bio-Rad Laboratories, Inc. (BIO) on Behalf of its Shareholders

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Nov 04, 2014, 04:48 ET

NEW YORK, Nov. 4, 2014 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential wrongdoing at Bio-Rad Laboratories, Inc. ("Bio-Rad" or the "Company") (NYSE: BIO).

The investigation focuses on whether the Company and its officers breached their fiduciary duties by causing or allowing Bio-Rad to engage in corrupt and illegal practices, particularly in connection with the Company's business in Russia and Southeast Asia.

On November 3, 2014, Bio-Rad announced the resolution of investigations conducted by the U.S. Department of Justice ("DOJ") and Securities and Exchange Commission ("SEC") into the Company's violations of the Foreign Corrupt Practices Act ("FCPA") between the years 2005 and 2010 in Russia, Vietnam and Thailand.

Although the DOJ declined to prosecute Bio-Rad, the parties entered into a Non-Prosecution Agreement through which Bio-Rad will be charged a total of roughly $55 million. The Company is also required to implement more stringent compliance and reporting measures over the next two years.

Request more information now by clicking here: www.faruqilaw.com/BIO. There is no cost or obligation to you.

Take Action

If you currently own Bio-Rad stock and have continuously owned Bio-Rad stock since at least January 1, 2005, and would like to discuss your legal rights, please visit www.faruqilaw.com/BIO. You can also contact us by calling Stuart Guber toll free at (215) 277-5770 or by sending an e-mail to [email protected]. Faruqi & Faruqi, LLP also encourages anyone with information regarding Bio-Rad's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

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FARUQI & FARUQI, LLP
101 Greenwood Avenue Suite 600
Jenkintown, PA 19046
Attn: Stuart Guber
[email protected]
Telephone: (215) 277-5770

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