Glancy Binkow & Goldberg Reminds Investors Of The Lead Plaintiff Deadline In The Class Action Lawsuit Against Cooper Tire & Rubber Company

LOS ANGELES--(BUSINESS WIRE)--

Glancy Binkow & Goldberg LLP reminds investors that all purchasers of the common stock of Cooper Tire & Rubber Company (“Cooper Tire” or the “Company”) CTB between June 12, 2013 and November 8, 2013, inclusive (the “Class Period”), have until March 18, 2014, to file a motion to be appointed as lead plaintiff in the shareholder lawsuit.

The Complaint filed in the United States District Court for the Southern District of New York alleges that the Company and certain of its executive officers misrepresented or failed to disclose significant risks associated with the proposed acquisition of the Company by Apollo Tyres Ltd. Specifically, the lawsuit alleges that the defendants misrepresented or failed to disclose that the Company lacked control over its most important subsidiary – Cooper Chengshan Tire Company, Ltd. ("CCT") – and that Cooper Tire's joint venture partner, Chengshan Group, which had a 35% interest in CCT, opposed the proposed acquisition and had sought to acquire Cooper Tire for itself. The Complaint further alleges that Cooper Tire misrepresented its financial condition, financial prospects and the effectiveness of its internal controls.

If you purchased Cooper Tire common stock during the Class Period, you may move the Court no later than March 18, 2014, to serve as lead plaintiff, if you meet certain legal requirements. To be a member of the Class, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, Toll-Free at 888-773-9224, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at 212-682-5340, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com.

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