The Securities and Exchange Commission has told Goodyear Tire & Rubber Co. that it will likely recommend enforcement action for accounting errors originally disclosed two years ago.
Goodyear announced Tuesday that the warning from the SEC came in the form of a Wells notice, saying the pending action covered alleged accounting and record-keeping requirements violations outlined in the Securities and Exchange Act of 1934. Goodyear, the country's largest tire maker, said that it expects to have the opportunity to respond before the SEC staff makes a formal recommendation.
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