≡ Menu

Cooper Tire & Rubber CTB Securities Fraud Class Action Lawsuit Complaint

Cooper Tire & Rubber Co. CTB Common Stock Purchasers File Class Action Lawsuit Complaint Against Cooper Tire & Rubber Co. For Securities Fraud.

A securities fraud class action lawsuit complaint has reportedly been filed against leading tire manufacturer Cooper Tire & Rubber Co. (“Cooper Tire & Rubber”) and others (collectively “Defendants”) in the United States District Court for the District of Delaware (styled OFI RISK ARBITRAGES, OFI RISK ARB ABSOLU and TIMBER HILL LLC, v. COOPER TIRE & RUBBER COMPANY, et al) alleging, among other things, that Cooper Tire & Rubber violated the federal securities laws by issuing misleading statements and omissions in connection with the proposed acquisition of Cooper Tire & Rubber by Apollo, an Indian-based tire company, that was announced on June 12, 2013, according to the Cooper Tire & Rubber CTB securities fraud class action lawsuit complaint.

The Cooper Tire & Rubber CTB securities fraud class action complaint reportedly is brought on behalf of a putative class of all persons who purchased the common stock of Cooper Tire & Rubber between June 12, 2013 and November 8, 2013, as well as Cooper stockholders of record as of the close of business August 30, 2013 who were entitled to vote on the Merger, and were damaged as a result.

The Cooper Tire & Rubber CTB class action lawsuit complaint reported asserts claims for alleged violations of Sections 10(b), 14(a) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5, 17 C.F.R. § 240.10b-5 and Rule 14a-9, 17 C.F.R. § 240.14a-9.

The Cooper Tire & Rubber CTB securities fraud class action lawsuit complaint reportedly seeks to recover compensatory damages, interest, equitable or injunctive relief and an award of reasonable attorneys fees and costs.

If You Have Thoughts On The Cooper Tire & Rubber CTB Securities Fraud Class Action Lawsuit Complaint, Share Your Cooper Tire & Rubber Class Action Lawsuit Comments Below.

{ 0 comments… add one }

What Do You Think? Share Your Class Action Lawsuit & Settlement Comments With Others Below.