$30 million settlement reached in stockholder suit over 2000 Firestone tire recall

    Jan. 1, 2020
    Purchasers of Bridgestone Corp. stock or ADRs (American Depositary Receipts) in the year 2000 may be eligible to receive a portion of $30 million set aside to settle a class action lawsuit filed by disgruntled shareholders.

    Purchasers of Bridgestone Corp. stock or ADRs (American Depositary Receipts) in the year 2000 may be eligible to receive a portion of $30 million set aside to settle a class action lawsuit filed by disgruntled shareholders.

    The case stems from the August of 2000 Firestone tire recall of ATX, ATX II, and Wilderness AT tires.

    “The action involves allegations that defendants Bridgestone and Firestone made false and misleading statements in violation of Section 10(b) of the Securities Exchange Act of 1934,” according to stockholders’ plaintiff lawyer Daniel Bacine. They contend company executives “disseminated false and misleading statements designed to conceal and cover up alleged defects of the ATX tires manufactured by Firestone.”

    There are forms to fill out and eligibility requirements to meet before collecting any money, plus a judge must approve the settlement offer. The proper paperwork must be submitted by April 21, 2009.

    To determine if you meet the criteria and obtain more detailed information, visit http://bsl.hrsclaims.com.

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