February 24, 2015
The Goodyear Tire & Rubber Company
Foreign Corrupt Practices Act
SANCTION AMOUNT: $16,228,065
Defendants: The Goodyear Tire & Rubber Company
Settlement of allegations that Respondent failed to prevent or detect more than $3.2 million in bribes paid by subsidiaries to land tire sales in Kenya and Angola during a four-year period. The bribes were also allegedly falsely recorded as legitimate business expenses in the books and records of the subsidiaries, which were consolidated into Respondent's books and records.
- Key Docs
- Official SEC press release