Retail

Apollo looks forward to court hearing w/Cooper

Posted on October 11, 2013

Now it's Apollo's turn. Following the Oct. 9, 2013, decision by the Delaware Chancery Court, Cooper Tire & Rubber Co. was pleased.

And why not? The court ruled in favor of Cooper's request for an expedited hearing of its October 4, 2013, complaint against Apollo Tyres Ltd. and its subsidiaries.

In an official statement, Apollo had this to say about the ruling.

“We continue to believe strongly in the strategic rationale of the combination and, with actuarial advisers, are working as quickly as possible to assess the potential costs of a mutually acceptable agreement with the USW. We strongly disagree with the allegations and characterizations that Cooper made in its complaint and look forward to making our case before the Delaware court.”

The case is scheduled to be heard in November.

As part of its original complaint, Cooper claimed that among other matters, Apollo was seeking to delay an agreement with the USW (United Steelworkers). The USW represents Cooper employees at facilities in Findlay, Ohio, and Texarkana, Ark.

In response to the original complaint, Apollo claimed that Cooper's actions, or inactions, as the case may be, were the reason the deal isn't getting done faster.

To read about what the companies are saying about each other, check out the following links:

"Cooper gets its way in court against Apollo."

"War of words: Apollo and Cooper respond to each other's claims."

"Cooper and Apollo disagree on details."

"Cooper sues Apollo for dragging its feet."

Related Topics: lawsuit, Plants, USW

Comments ( 0 )
More Stories
Hunter explains the purpose and function of wheel alignment procedures and the importance of proper vehicle maintenance to vehicle owners in its latest educational video.
News Latest Hunter Consumer Video Explains Why Cars Need Wheel Alignments

Hunter Engineering Co. has released an educational video for vehicle owners that explains why cars need wheel alignments.

Point S will work to expand its network of dealers thanks to a distribution agreement with Nussbaum Distributing President Mike Nussbam, left. He's pictured with members of the Point S team, Jim Richards, national cooperative recruiting executive; Walter Lybeck, CEO; and Clint Young, director of sales and business development.
News Tire Factory Looks to Expand Point S Brand With Nussbaum Distributing in Memphis

Tire Factory Inc. and Point S USA are making a big move to expand their network of tire dealers into the eastern half of the country. The company is partnering with Nussbaum Distributing Inc. in Memphis, Tenn., to distribute tires to four states.  

News MORE Tire Data! Fitment Group Merges with Size It Up

Two of the largest providers of tire and wheel fitment data have merged. The Fitment Group and Size It Up will operate under the Fitment Group brand and will based out of the corporate office in Duluth, Minn.

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!