Goodyear may have breached its duties to employees and former employees who held Goodyear stock in its 401(K) plan when Goodyear continued to recommend it as an investment.
Investigation and a pending class action lawsuit against Goodyear asserting that Goodyear failed to prudently and loyally manage Goodyear's 401(k) Plan in the best interests of the Plan and the Plan participants.
Goodyear and senior executives continued to offer Goodyear stock as an investment option even when the stock was no longer a prudent investment for employees and former employees retirement savings.
Defendant Details
Name (Stock Symbol)
Brief Description
Goodyear Tire & Rubber Company (GT)
The Goodyear Tire & Rubber Company manufactures, distributes and sells tires and related products and services.