The Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Eaton Corp. plc Investors &...
August 19 2016 - 10:30AM
Business Wire
Law Offices of Howard G. Smith announces that a class
action lawsuit has been filed on behalf of investors who purchased
Eaton Corporation plc (“Eaton” or the “Company”) (NYSE: ETN)
securities between November 13, 2013 and July 28, 2014,
inclusive (the “Class Period”). Eaton investors have
until September 23, 2016 to file a lead plaintiff
motion.
Investors suffering losses on their Eaton investments are
encouraged to contact the Law Offices of Howard G. Smith to discuss
their legal rights in this class action at 888-638-4847 or by email
to howardsmith@howardsmithlaw.com.
The Complaint alleges that throughout the Class Period,
Defendants made materially false and/or misleading statements, as
well as failed to disclose material adverse facts about the
Company’s business, operations, and prospects. Specifically,
Defendants made false and/or misleading statements and/or failed to
disclose that: in response to questions regarding the effect of the
Merger on the Company’s ability to spin-off its businesses, Eaton
executives falsely assured investors and the market of the
continued feasibility of divesting the Company’s automobile-part
manufacturing business on a tax-free basis. This prospect was key
to investors’ and analysts’ ability to value the Company. As a
result, Eaton and its executives artificially inflated the price of
Eaton stock.
If you purchased shares of Eaton during the Class Period you may
move the Court no later than September 23, 2016 to ask
the Court to appoint you as lead plaintiff if you meet certain
legal requirements. To be a member of the Class you need not take
any action at this time; you may retain counsel of your choice or
take no action and remain an absent member of the Class. If you
wish to learn more about this action, or if you have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Howard G. Smith,
Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215)
638-4847, toll-free at (888) 638-4847, or by email
to howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160819005035/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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