Partner Jeffrey Alberts, head of Pryor Cashman’s White Collar Defense and Investigations Practice, was featured in the Law360 article, “Attorneys React to SEC’s FCPA Action Against Goodyear.” The article reports on the $16 million settlement between Goodyear Tire & Rubber Co. and the Securities and Exchange Commission over allegations Goodyear’s subsidiaries violated the Foreign Corrupt Practices Act.

“The commission’s charges against Goodyear are based on allegations that Goodyear failed to detect bribes paid by African subsidiaries, including a subsidiary that Goodyear acquired after the alleged bribery began. This substantial settlement underscores the importance of conducting thorough due diligence concerning anti-bribery policies and practices before acquiring a company that operates overseas,” said Alberts.

To view the full article, please click here.