The Goodyear Tyre & Rubber Company will receive approximately $US159 million from certain insurance companies as settlement for a lawsuit previously filed by the tyre maker.
Go deeper with GlobalData
The money will be paid to the company in instalments over the next 15 months.
While the specific terms of the settlement are confidential, it provides for the payments to Goodyear in exchange for the company’s releasing the insurers from certain past, present and future environmental claims.
The lawsuit, which Goodyear filed in 1993, sought to have the insurers honour their policies to pay the company’s liability and defence costs in regard to certain environmental claims.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
