ETN SHAREHOLDER ALERT: The Law Offices of Vincent Wong Reminds Investors of a Class Action Lawsuit Involving Eaton Corp. plc ...
August 22 2016 - 10:38AM
Business Wire
The Law Offices of Vincent Wong announce that a class action
lawsuit has been commenced in the USDC for the Southern District of
New York on behalf of investors who purchased Eaton Corporation plc
(NYSE:ETN) securities between November 13, 2013 and July 28,
2014.
Click here to learn about the case:
http://www.wongesq.com/pslra/eaton-corporation. There is no
cost or obligation to you.
According to the complaint, throughout the Class Period,
defendants issued false and misleading statements regarding the
Company’s ability to divest its automobile-part manufacturing
business, causing the stock to trade at artificially inflated
prices.
In 2012, the Company merged with Cooper Industries plc, which
reincorporated Eaton in Ireland. Following the merger and during
the Class Period, Eaton executives falsely assured investors of the
continued feasibility of divesting the Company’s automobile-part
manufacturing business on a tax-free basis. Then on July 29, 2014,
Eaton CEO Alexander M. Cutler informed investors that the Company
was—and had been—“well aware” of tax-law restrictions related to
the merger with Cooper which would make it infeasible to divest the
vehicle business until late 2017.
If you suffered a loss in Eaton Corporation you have until
September 23, 2016 to request that
the Court appoint you as lead plaintiff. Your ability to share in
any recovery doesn’t require that you serve as a lead plaintiff. To
obtain additional information, contact Vincent Wong, Esq. either
via email vw@wongesq.com, by telephone at 212.425.1140, or visit
http://www.wongesq.com/pslra/eaton-corporation.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20160822005630/en/
The Law Offices of Vincent WongVincent Wong, Esq.Tel.
212.425.1140Fax. 866.699.3880vw@wongesq.com
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