US judge dismisses shareholder suit against Cooper

7 Jul 2015 by Evoluted New Media

Three investment firms — OFI Risk Arbitrages, OFI Risk Arb Absolu and Timber Hill LLC — filed suit against Cooper in January 2014. The plaintiffs claimed that the Findlay, Ohio-based tire maker deliberately withheld from shareholders the opposition of Chengshan Group — co-owners with Cooper of Cooper Chengshan Tire Co Ltd. in China — to the merger with Apollo.