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OFI Risk Arbitrages et al v. Cooper Tire & Rubber Company et al
Case Number:
1:14-cv-00068
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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July 01, 2015
Class Action Over Failed $2.5B Cooper-Apollo Tie-Up Tossed
A Delaware federal judge tossed a putative class action surrounding the failed $2.5 billion merger between Cooper Tire & Rubber Co. and Apollo Tyres Ltd. in 2013, ruling Wednesday that suing shareholders hadn't shown Cooper made false statements about the deal or knowingly engaged in wrongdoing.
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January 23, 2014
Cooper Tire Investors Sue Over Failed $2.5B Apollo Merger
Investors have hit Cooper Tire & Rubber Co. with a proposed securities class action in Delaware federal court alleging Cooper's top brass tried to push through a proposed $2.5 billion merger with Apollo Tyres Ltd. because of "corporate greed," botched the deal and sent Cooper's stock plunging.