Sarraf Gentile LLP Announces Lawsuit Against Eaton Corporation
09 Agosto 2012 - 10:03PM
Marketwired
A class action lawsuit has been filed in the United States District
Court for the Northern District of Ohio against Eaton Corporation
(NYSE: ETN) and its top officers. The action is brought on behalf
of all people who purchased Eaton common stock from August 2, 2009
through June 4, 2012.
The complaint alleges that Eaton issued false and misleading
statements concerning its executives' involvement in a scheme to
improperly influence a Mississippi state court judge in litigation
the Company had initiated against rival manufacturer Frisby
Aerospace, Inc. More specifically, the complaint alleges that Eaton
managers knew, but repeatedly caused Eaton to deny, that Eaton had
engaged Mississippi attorney Ed Peters, a politically connected
go-between, to improperly influence Bobby DeLaughter, the presiding
judge in the Eaton-Frisby case. Judge DeLaughter, according to the
complaint, later recused himself from the case when he became
embroiled in an unrelated lawsuit involving Mississippi attorney
Richard Scruggs and was later sentenced to 18 months in prison
after admitting he lied to FBI agents about conversations he had
with Peters in the Scruggs case. Judge Swan Yerger, who replaced
Judge DeLaughter, subsequently dismissed Eaton's lawsuit against
Frisby after deciding that there was "clear and convincing"
evidence that Eaton had hired Peters to secretly influence Judge
DeLaughter, according to the complaint.
No class has yet been certified in the action. Until a class is
certified, you are not represented by counsel unless you retain
one. Sarraf Gentile LLP has not filed a lawsuit against the
defendants.
If you are a shareholder of Eaton and want to discuss your legal
rights, at no cost and without obligation, please contact Joseph
Gentile at Sarraf Gentile LLP (telephone: 212-868-3610; e-mail:
joseph@sarrafgentile.com).
Sarraf Gentile LLP has extensive experience litigating
shareholder actions across the United States and has recovered
millions of dollars on behalf of injured shareholders.
NOTE: Sarraf Gentile LLP pledges to donate
10% of any net attorneys' fees earned in connection with this mater
to worthy unaffiliated charities.
Attorney Advertising. Prior results to not guarantee similar
outcome.
Contact: Joseph Gentile, Esq. SARRAF GENTILE LLP 450 Seventh
Avenue, Suite 1900 New York, NY 10123 T 212.868.3610 F 212.918.7967
www.sarrafgentile.com
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