Defendant Name:
The Goodyear Tire & Rubber Company
Defendant Type:
Public Company
Document Reference:
2015-38
Document Details
Legal Case Name
In the Matter of The Goodyear tire & Rubber Company
Document Name
SEC Charges Goodyear With FCPA Violations
Document Date
24-Feb-2015
Document Format
Administrative Proceeding
Allegation Type
Foreign Corrupt Practices Act
Document Summary
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.
Disgorgement & Penalty Information
Resolutions
Goodyear must report its FCPA remediation efforts to the SEC for a three-year period.
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC