NEW ORLEANS, Jan. 21, 2014 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until March 18, 2014 to file lead plaintiff applications in a securities class action lawsuit against Cooper Tire & Rubber Co. (NYSE:CTB), if they purchased the Company's securities during the period between June 12, 2013 and November 8, 2013, inclusive (the "Class Period"), or if they held shares as of the record date of August 30, 2013. This action is pending in the United States District Court for the District of Delaware.
What You May Do
If you purchased shares of Cooper and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850, or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com) or KSF Partner Melinda Nicholson (melinda.nicholson@ksfcounsel.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by March 18, 2014.
About the Lawsuit
Cooper and certain of its executives are charged with issuing a series of materially false and misleading statements in connection with the proposed merger between Cooper and Apollo Tyres Ltd. during the Class Period, violating federal securities laws.
On September 30, 2013, Cooper shareholders voted to approve the merger, but beginning on October 4th disclosures revealed that it was imperiled. On October 7, 2013, Cooper announced that the merger was in jeopardy and that Cooper had filed a lawsuit to force Apollo to close the deal. Then, on November 8th, the court denied Cooper's request for an order requiring Apollo to close on the merger.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.