FINDLAY, Ohio (Nov. 15)—A judge in the Superior Court of New Jersey has given preliminary approval to Cooper Tire & Rubber Co.'s bid to settle 32 class-action lawsuits involving alleged manufacturing defects in Cooper tires. The settlement agreement proposes that Cooper, without admitting wrongdoing, will replace for free any Cooper steel-belted radial passenger tire made since 1985 which suffered a manufacturing-defect-related tread separation. A final approval hearing will be held in January, according to John Keefe, a Red Bank, N.J., plaintiffs' attorney involved in the negotiations with Cooper.
Judge gives preliminary approval to Cooper settlement
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