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News Breaks
January 31, 2014
08:38 EDTCTBCooper Tire to host conference call
Conference call to discuss the agreement with Chengshan Group Company which establishes a path going forward for the Cooper Chengshan (Shandong) Tire Company Ltd (CCT) joint venture will be held on January 31 at 9 am. Webcast Link
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April 6, 2015
06:15 EDTCTBSEC accuses two of insider trading in Cooper Tire deal
The Securities and Exchange Commission on Thursday charged two longtime friends who illegally profited from insider trading on news of a proposed acquisition of Cooper Tire and Rubber Company by Apollo Tyres Ltd. In a complaint filed in U.S. district court in Connecticut, the SEC filed fraud charges against Amit Kanodia, of Brookline, Massachusetts, an entrepreneur and private equity investor, and Iftikar Ahmed, of Greenwich, Connecticut, a general partner at a venture capital firm. The SEC named Rakitfi Holdings LLC, a company owned by Ahmed, and Lincoln Charitable Foundation, a supposed charity operated by Kanodia, as relief defendants. The SEC is seeking to have the defendants return their allegedly ill-gotten gains with interest and pay civil monetary penalties.

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