An investigation on behalf of investors of The Goodyear Tire & Rubber Company (NASDAQ: GT) shares over potential securities laws violations by The Goodyear Tire & Rubber and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of The Goodyear Tire & Rubber Company (NASDAQ: GT) concerning whether a series of statements by The Goodyear Tire & Rubber regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Akron, OH based The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. The Goodyear Tire & Rubber Company reported that its annual Total Revenue rose from over $15.15 billion in 2016 to over $1.537 billion in 2017 and that its Net Income declined from over $1.26 billion in 2016 to $346 million in 2017.

Shares of The Goodyear Tire & Rubber Company (NASDAQ: GT) declined from $36.00 per share in January 2018 to as low as $26.58 per share in March 2018.