IN RE EATON CORPORATION SECURITIES LITIGATION
Case Number:
1:16-cv-05894
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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August 21, 2018
Eaton Stockholders Appeal Fraud Case To 2nd Circ.
Stockholders of Eaton Corp. have appealed to the Second Circuit the dismissal of a class action alleging the company defrauded investors regarding a possible spinoff of its auto parts business.
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July 26, 2018
NY Judge Again Tosses Eaton Shareholder Tax Info Suit
A federal district court in New York on Wednesday once again dismissed a proposed class action by investors alleging that Eaton Corp. defrauded them about a possible spinoff, ruling the company had no duty to tell investors that it could not divest its automotive division with few or no tax consequences because it never intended to carry out the divestiture.
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December 13, 2017
Eaton Investor Beefs Up Claims In Suit Over Merger Tax Info
An Eaton Corp. shareholder has asked a New York federal judge not to toss a proposed class action alleging the company defrauded it and others about the risks involved in a spinoff, saying it had fixed the deficiencies in an earlier complaint.
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November 20, 2017
Eaton Says Investors' 2nd Complaint In Tax Info Suit Fails
Eaton Corp. PLC asked a New York federal judge on Friday to dismiss a second amended complaint in a proposed shareholder class action alleging the company defrauded shareholders about its desire or ability to sell a major business unit in the wake of a controversial merger.
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September 20, 2017
Eaton Beats Investor Suit Over Tax Statement That Hurt Stock
A New York federal judge dismissed a proposed shareholder class action against Eaton Corp. PLC on Wednesday, saying company officials didn't defraud shareholders about their desire or ability to sell a major business unit in the wake of a controversial merger that moved its HQ to low-tax Ireland.
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September 13, 2017
Eaton Denies Intent To Spin Off Unit In $3B Investor Suit
Eaton Corp. PLC asked a New York federal judge Wednesday to throw out a proposed class action alleging the company cost shareholders $3 billion when it couldn't spin off its automotive division tax-free, saying the conglomerate had repeatedly and emphatically asserted it had no intention of doing so.
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March 16, 2017
Eaton Investors Fight To Keep $3B Suit Over Spinoff
Eaton Corp. PLC investors have urged a Manhattan federal judge to keep alive proposed class claims that the company cost them $3 billion when it revealed it couldn't spin off its vehicle component business tax-free after merging with Cooper Industries PLC, saying Eaton can't overcome misleading statements.
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February 14, 2017
Eaton Aims to Drop $3B Shareholder Suit Over Spinoff
Eaton Corp. PLC urged a New York federal court on Monday to toss allegations that it cost investors $3 billion in stock value because it couldn't spin off its vehicle component business tax-free after a merger with Cooper Industries PLC, saying it can't be sued over hypothetical consequences of a transaction that never happened.
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July 25, 2016
Eaton's Lies About Tax-Free Spinoff Cost $3B, Suit Says
A proposed class of Eaton Corp. PLC shareholders launched a lawsuit in New York federal court on Friday, saying that their shares lost $3 billion in value when the company revealed it couldn't spin off its vehicle component business tax-free after a 2012 merger with Cooper Industries PLC.