That a few law firms have stepped out and filed suit against Cooper Tire & Rubber Co. is neither a surprise nor earth-shattering-stop-the-presses news.

It is all about nothing.

The “suits” by the esteemed firms of Entwistle & Cappucci LLP and Bernstein Litowitz Berger & Grossmann LLP seek class action status on behalf of Cooper “shareholders of record” between “June 12, 2013, through Nov. 8, 2013, inclusive,” claiming that Cooper management misled said shareholders and violated the federal securities laws by issuing a series of materially misleading statements and omissions in connection with the proposed acquisition of the company.

As it stands today, this is a non-story, in my view. I’m surprised, frankly, that it took any law firm 20 calendar days to file such an action and issue press releases that are nothing more than chumming the waters for greedy shareholders still looking for a bigger cut of the action.

Entwistle and Bernstien won’t be the last law firms involved. You’ll recall that in the days following the June 2013 engagement announcement between Cooper and Apollo Tyres, about a half dozen legal eagles popped up, each purporting to represent “concerned shareholders,” claiming that they had lost their “voice,” were being railroaded into the deal.

That deal would pay them $35 for each share they held. On shares that were trading at $24.82 as of June 10, 2013, two days before the engagement was announced. On company stock that had been treading in the $20 per share range for years.

Those suddenly hoarse shareholders felt Cooper should have gotten better.

The opportunity for more money will do that.

Back to Entwistle and Bernstein and the others. Their claims in the 48-page filing reveal nothing new….Cooper management should have known better….Cooper didn’t have control over its joint venture…Cooper overshot the mark on revenue projections….blah, blah, blah.

If Cooper shareholder-holdings had totally tanked in the wake of the Dec. 30, 2013, breakup, that would be one thing. If I watched my Cooper shares fall from $24.82 pre-engagement to, say, $12.57 per share post-engagement, I’d be lawyering up, too.

Cooper closed at $24.61 on Jan. 16, 2014. The day before the Enwistle and Bernstein complaints were placed. Millions will now be spent on these lawsuits – all over a 21-cent fall in share price.

While I am sure the Cooper-Apollo saga is far from over – many questions remain a mystery – these greed plays aren’t stories of any consequence. Shouldn’t interrupt your day in any way.

Let’s, for now, get back to the business or making and selling tires. Isn’t that what companies are suppose do – make and sell things?

Or have they truly traded in their reason for being simply for “shareholder value?”