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Company: PACCAR
Current Parent Company:
Paccar
Parent at the Time of the Penalty Announcement:
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Penalty: $225,000
Year: 2013
Date: June 3, 2013
Offense Group: financial offenses
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 Current Parent: USA
HQ State of Current Parent: Washington
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: motor vehicles
Specific Industry of Current Parent: motor vehicles
Source of Data:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.