Defendant Name:
PACCAR
Defendant Type:
Public Company
Document Reference:
2013-99
Document Details
Legal Case Name
SEC v. PACCAR Inc. and PACCAR Financial Corp.
Document Name
SEC Charges Fortune 200 Company for Accounting Deficiencies
Document Date
03-Jun-2013
Document Format
Civil Proceeding
Case Number
13-cv-00953
Federal District Court
Washington, Western District of Washington
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On June 3, 2014, the SEC charged PACCAR Inc. and its subsidiary PACCAR Financial Corp. for various accounting deficiencies that obscured their financial reporting to investors. According to the Commission, "PACCAR's internal accounting controls included ineffective procedures that kept the company from adhering to various accounting rules."
Disgorgement & Penalty Information
Resolutions
Injunction
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$225,000.00
Shared:
Other Defendants in Action: