Tower Auto Plaintiffs Seek Class Certification

Law360, New York (September 18, 2007, 12:00 AM EDT) -- Shareholders of Tower Automotive Inc., which recently emerged from Chapter 11 protection under the leadership of Cerberus Capital Management LP, are seeking class certification in a suit brought against several of the auto company's former officers and employees.

Five court-appointed lead plaintiffs filed a motion for class certification on Monday in the U.S. District Court for the Southern District of New York.

The lead plaintiffs outlined a potentially sizable class that could include the roughly 2,500 shareholders who traded roughly 58.5 million Tower shares as of...
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