Violation Tracker Individual Record

Company: 
PACCAR
Current Parent Company: 
Paccar
Penalty: 
$225,000
Year: 
2013
Date: 
June 3, 2013
Primary Offense: 
accounting fraud or deficiencies
Violation Description: 

Commercial truck manufacturer PACCAR and a subsidiary agreed to pay $225,000 to settle allegations of various accounting deficiencies that clouded their financial reporting to investors in the midst of the financial crisis.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
Washington
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
motor vehicles
Specific Industry of Parent: 
motor vehicles
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.