Defendant Name:
The Goodyear Tire & Rubber Company
Defendant Type:
Public Company
SIC Code:
3011
CUSIP:
38255010
Document Reference:
34-74356
Document Details
Legal Case Name
In the Matter of The Goodyear Tire & Rubber Company
Document Name
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
Document Date
24-Feb-2015
Document Format
Administrative Proceeding
AAER
3640
Allegation Type
Foreign Corrupt Practices Act
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Other Compliance Related Undertaking
Various undertakings
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC
Monetary Penalties:
Disgorgement
Individual:
$14,122,525.00
Shared:
Pre-Judgment Interest
Individual:
$2,105,540.00
Shared:
