[July 28, 2016]

IMPORTANT INVESTOR ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against Eaton Corporation plc and Encourages Investors with Losses to Contact the Firm

Khang & Khang LLP (the "Firm") announces that a class action lawsuit was filed against Eaton (News - Alert) Corporation plc ("Eaton" or the "Company") (NYSE: ETN). Investors who purchased or otherwise acquired shares between November 13, 2013 and July 28, 2014 inclusive (the "Class Period"), are encouraged to contact the Firm prior to the September 23, 2016 lead plaintiff motion deadline.

If you purchased shares of Eaton during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA (News - Alert) 92612, by telephone: (949) 419-3834, or by e-mail at [email protected].

There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

Accordingto the Complaint, the Company issued false and misleading statements about its ability to divest its automobile-part manufacturing business. Since 2008, the Company shifted away from its vehicle business and expanded its electrical component businesses. In 2012 Eaton engaged in a merger (the "Merger") 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 Chief Executive Officer, 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 dropped in value.

If you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at [email protected].

This press release may constitute Attorney Advertising in some jurisdictions.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160728006745/en/

[ Back To TMCnet.com's Homepage ]