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
File Number 3-16400
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

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."