INVESTOR NOTICE: Goldberg Law PC Announces Securities Class Action Lawsuit against Eaton Corporation plc and Encourages Investors with Losses to Contact the Firm

LOS ANGELES--(BUSINESS WIRE)-- Goldberg Law PC (www.Goldberglawpc.com) announces that a class action lawsuit has been filed against Eaton Corporation plc (“Eaton” or the “Company”) (NYSE: ETN) and certain of its senior executives (the “Defendants”) for violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and U.S. Securities and Exchange Commission Rule 10b-5 promulgated thereunder.

Investors who purchased or otherwise acquired shares of Eaton between November 13, 2013 and July 28, 2014 inclusive (the “Class Period”), are encouraged to contact the firm in advance of the September 23, 2016 lead plaintiff motion deadline.

If you are a shareholder who suffered a loss during the Class Period, click here to participate. In addition, we advise you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401 to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at [email protected].

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Defendants issued false and misleading statements about the Company’s ability to divest its automobile-part manufacturing business. For most of its 100-year history, Eaton’s primary focus was vehicle component manufacturing. Since 2008, however, the Company shifted away from its vehicle business and expanded its electrical component businesses. In 2012 Eaton merged with Irish-headquartered Cooper Industries plc, which reincorporated the Company in Ireland. After the merger, Eaton executives assured investors of the continued feasibility of divesting the automobile-part manufacturing business on a tax-free basis. This kept the Eaton stock price artificially inflated. On July 29, 2014, Eaton’s CEO Alexander M. Cutler informed investors that the Company could not feasibly divest the automobile-part business until late 2017 because of tax law restrictions related to the merger. Mr. Cutler further revealed that the Company was “well aware” of these restrictions “all along.” When this news was announced, Eaton’s stock price dropped, causing investors harm.

Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160729005609/en/

Goldberg Law PC - Los Angeles, California
Michael Goldberg, Esq., 800-977-7401
Brian Schall, Esq., 800-977-7401
Sohrab Izadi, Esq., 800-977-7401
[email protected]
www.Goldberglawpc.com

Source: Goldberg Law PC

You May Also Be Interested In

• Sony/Apollo bid for Paramount could be worth as much as $29 billion - Source
• AMCON Distributing (DIT) to Acquire Richmond Master Distributors
• Shake Shack (SHAK) Announces Resignation of Jonathan Sokoloff from Board, Cuts Board Size to 10 from 11