12/18/14 – 5:07 A.M.

The legal wrangling between Cooper Tire & Rubber and Apollo Tyres of India is over. The Courier reports that both companies agreed to dismiss their claims and counterclaims Wednesday. A statement from Cooper said the two companies agreed not pursue further claims on the failed sale of Cooper to Apollo.

Cooper initially sued Apollo for not closing the sale in a timely manner last year. The claim was thrown out by Delaware Chancery Court Judge Sam Glasscock III. Glasscock also ruled that neither company could have anticipated the problems a Chinese tire factory partially owned by Cooper were going to cause. The issues ultimately led to the deal falling through.

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12/19/13 – 5:38 A.M.

Lawmakers from Ohio and Mississippi are trying to return stability to the joint venture Findlay’s Cooper Tire & Rubber has in China. The Daily Journal of Tupelo Mississippi reports Senators Rob Portman and Sherrod Brown of Ohio as well as Thad Cochran and Roger Wicker of Mississippi have all signed a letter urging a U.S. delegation to address the subject during a meeting in China this week.

According to the article the letter says the unrest at the facility in the Shandong Province that has locked out U.S. managers is putting the entire company at risk. Cooper Tire spokeswoman Anne Roman told the newspaper that the company appreciated the support, but added there was no threat to U.S. jobs.

Secretary of State John Kerry, Secretary of Commerce Penny Pritzker and U.S. Trade Representative Ambassador Mike Froman will meet with their Chinese counterparts this week.

MORE: Daily Journal

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