Cooper Tire Settles $184M Suit Against Lawyers

Law360, New York (January 22, 2009, 12:00 AM EST) -- Cooper Tire & Rubber Co. has settled a case against two attorneys in which the company claimed to have suffered more than $184 million in damage to its stock value after the public release of confidential information from a personal injury suit against the tire maker.

Judge Sharion Aycock issued an order Wednesday in U.S. District Court for the Northern District of Mississippi dismissing the case with prejudice, noting that the settlement was strictly confidential “under penalty of actual damages.”

Cooper Tire spokeswoman Patricia J. Brown...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.