Class action lawsuit filed against Cooper Tire

A securities class action lawsuit against Cooper Tire & Rubber Co. and some senior executives on behalf of investors has been filed in U.S. District Court in Delaware.

The complaint claims that Cooper Tire violated federal securities laws by issue a series of misleading statements and omissions in connection with the proposed purchase of Cooper by Apollo Tyres, Tire Review reported.

The complaint also claims Cooper Tire misrepresented Cooper Tire’s financial condition, financial prospects and the effectiveness of its internal controls, Tire Review reported.



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