SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of
Shareholders of Cooper Tire & Rubber Company - CTB
NEW YORK, Jan. 29, 2014
NEW YORK, Jan. 29, 2014 /PRNewswire/ -- Pomerantz LLP is investigating claims
on behalf of investors of Cooper Tire & Rubber Company ("Cooper" or the
"Company")(NYSE: CTB). Such investors are advised to contact Robert S.
Willoughby at email@example.com or 888-476-6529, ext. 237.
The investigation concerns whetherCooper and certain of its officers and/or
directors violated Sections 10(b) and 20(a) of the Securities Exchange Act of
On October 7, 2013, Cooper filed a Form 8-K with the Securities and Exchange
Commission ("SEC") which included a press release revealing that the Merger of
Cooper and Apollo Tyres Ltd. ("Apollo") was in jeopardy and that Cooper had
filed a lawsuit against Apollo in an attempt to force Apollo to close the
deal. On November 8, 2013, the Delaware Chancery Court denied Cooper's request
for an order requiring Apollo to close on the Merger, holding that Apollo had
not breached the Merger agreement.
On this news, Cooper stock fell significantly, falling from $31.27 per share
on October 3, 2013, to close at $23.82 per share on November 8, 2013.
The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida,
is acknowledged as one of the premier firms in the areas of corporate,
securities, and antitrust class litigation. Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the Pomerantz Firm
pioneered the field of securities class actions. Today, more than 70 years
later, the Pomerantz Firm continues in the tradition he established, fighting
for the rights of the victims of securities fraud, breaches of fiduciary duty,
and corporate misconduct. The Firm has recovered numerous multimillion-dollar
damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
SOURCE Pomerantz LLP
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