Cooper and Apollo get ready to duke it out
Doesn't it seem like companies are slow to respond to lawsuits against them, even if the claims against them are potentially damaging? Their attorneys seem to believe that the gag order philosophy is the best policy -- don't say something that can hurt you in a court of law until you are in court. And even then...
However, the court battle between Cooper Tire & Rubber Co. and Apollo Tyres LLC, which begins next month, is different. Cooper filed a lawsuit against Apollo, which made an offer to buy Cooper's stock for $35 a share on June 12, 2013, asking the court to move things along, so to speak.
Some claims against Apollo were made. And Apollo publicly responded to a lot of them.
At the moment, the companies are clearly at odds.
Covering lawsuits can be tricky business. When both parties are commenting back and forth, it gets easier.
To find out why, and for the latest news on the "definitive merger agreement" between Cooper and Apollo, check out the latest blog from Modern Tire Dealer Editor Bob Ulrich: "Big news: Cooper and Apollo fight in court."
There also are links to every story on the lawsuit. So if you want to catch up on the proceedings, read the blog. And know we will keep you abreast of the proceedings as they are revealed.