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Glancy Prongay & Murray Commences Investigation on Behalf of Eaton Corporation plc Investors
[August 08, 2016]

Glancy Prongay & Murray Commences Investigation on Behalf of Eaton Corporation plc Investors


Glancy Prongay & Murray LLP ("GPM") announces an investigation on behalf of investors of Eaton Corporation (News - Alert) plc ("Eaton" or the "Company") (NYSE: ETN) concerning the Company and its officers' possible violations of federal securities laws. GPM is preparing a lawsuit on behalf of injured investors.

Eaton operates as a power management company worldwide. The investigation concerns whether the Company adequately disclosed to investors material issues with divestment from Eaton's vehicle business.

On July 29, 2014 Eaton's CEO, Alexander M. Cutler, informed investors that Eaton could not reasonably unload its vehicle business until late 2017 due to tax-law restrictions linked to the Company's merger with Cooper Industries plc. According to Cutler, the Company had been made aware of these restrictions "all along."



On this news, Eaton's share price fell over 8%, to close at just $70.51 on July 29, 2014.

If you purchased Eaton securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.


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


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