Law Offices of Howard G. Smith Announces a Shareholder Class Action Lawsuit
Has Been Filed Against Cooper Tire & Rubber Company
BENSALEM, Pa. -- January 30, 2014
Law Offices of Howard G. Smith announces that a class action lawsuit has been
filed in the United States District Court for the District of Delaware on
behalf of all purchasers of the common stock of Cooper Tire & Rubber Company
(“Cooper Tire” or the “Company”) (NYSE:CTB) between June 12, 2013 and November
8, 2013, inclusive (the “Class Period”).
The lawsuit alleges that the Company and certain of its executive officers
misrepresented or failed to disclose significant risks associated with the
proposed acquisition of the Company by Apollo Tyres Ltd. Specifically, the
Complaint alleges that the defendants misrepresented or failed to disclose
that the Company lacked control over its most important subsidiary -- Cooper
Chengshan Tire Company, Ltd. ("CCT") -- and that Cooper Tire's joint venture
partner, Chengshan Group, which had a 35% interest in CCT, opposed the
proposed acquisition and had sought to acquire Cooper Tire for itself. The
Complaint further alleges that Cooper Tire misrepresented its financial
condition, financial prospects and the effectiveness of its internal controls.
If you purchased Cooper Tire common stock between June 12, 2013 and November
8, 2013, you have until March 18, 2014, to move the Court to serve as lead
plaintiff; however, you must meet certain legal requirements. To be a member
of the Class you need not take any action at this time; you may retain counsel
of your choice or take no action and remain an absent member of the Class. If
you wish to learn more about this action, please contact Howard G. Smith,
Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to email@example.com, or visit our
website at http://www.howardsmithlaw.com.
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
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