Salt Lake Telegram | 1927-01-04 | Page 5 | Goodyear Co. Charges Fraud

GOODYEAR CO CL fRAUD Suit for Is Filed Against Former President FA AKRON Ohio Jan ran 4 4 The AP Tire Rubber ear and company corn com pansy pany t tOday day tiled filed suit against F. F A. A Its former fonner president for charging fraudulent lent mis n of company funds I Two amounts ro ro named in the suit with Interest from November 1 1919 and and with interest December 31 1919 The represents interest inter inter- est eat at the rate of 6 pe per cent on on millions millions mil mil- lions in Goodyear money alleged to have been used by for private purposes a charged in an answer filed by John Sherwin Cleveland banker in the Goodyear stockholders stockholders' suit pending in Summit county courts The 51 represents money which is alleged to have fraudulently caused the Goodyear company to pay payout out in improvements for Goodyear Heights allotment No 2 This money it I is charged should l have been paid by personally Today's action is one ot of the ev ever ever- r- r increasing number of legal suits and being filed by common and preferred stockholders and directors directors di- di rectors of the reorganized Goodyear Goodyear Good Good- year company in a battle for control of the firm Control now rests with the Read Dillon banking interests interests in- in which handled the financing financing ing of the company upon Its reorganization reorganization six years ago Seiber- Seiber ling Is one of the stockholders stockholders' voting vet vot- ing trustees said to be seeking to regain control of the company he founded