Defendant Name: The Goodyear Tire & Rubber Company

Defendant Type: Public Company
SIC Code: 3011
CUSIP: 38255010

Initial Case Details

Legal Case Name In the Matter of The Goodyear Tire & Rubber Company
First Document Date 24-Feb-2015
Initial Filing Format Administrative Action
File Number 3-16400
Allegation Type Foreign Corrupt Practices Act
AAER 3640

Violations Alleged

Exchange Act
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)

Resolutions

First Resolution Date 24-Feb-2015
Headline Total Penalty and Disgorgement $16,228,065

Related Documents:

34-74356 24-Feb-2015 Administrative Proceeding
Order Instituting Cease-and-Desist proceedings, pursuant to section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On February 24, 2015, the SEC instituted settled administrative proceedings against The Goodyear Tire & Rubber Company. According to the SEC: "This case involves violations of the books, records, and internal control provisions of the Foreign Corrupt Practices Act ("FCPA") by Goodyear....From 2007 through 2011, Goodyear subsidiaries in Kenya and Angola routinely paid bribes totally over $3.2 million to employees of government-owned entities and private companies to obtain tire sales."
2015-38 24-Feb-2015 Press Release--Administrative Proceeding
SEC Charges Goodyear With FCPA Violations
On February 24, 2015 SEC charged Goodyear Tire & Rubber Company with violating the Foreign Corrupt Practices Act. According to the SEC order instituting a settled administrative proceeding, "Goodyear failed to prevent or detect more than $3.2 million in bribes during a four-year period due to inadequate FCPA compliance controls at its subsidiaries" in Kenya nd Angola.