SOURCE: Holzer Holzer & Fistel, LLC
ATLANTA, GA--(Marketwire - Sep 4, 2012) - A class action lawsuit has been filed on behalf of investors who purchased common stock of Eaton Corporation ("Eaton" or the "Company") (NYSE: ETN) between August 2, 2009 and June 4, 2012. The lawsuit, which was filed in the United States District Court for the Northern District of Ohio, alleges that Eaton executives violated the federal securities laws by misrepresenting certain information in connection with litigation it previously initiated against rival Frisby Aerospace, Inc. in a Mississippi state court. According to the complaint filed against Eaton, the Company's CEO, among others, submitted affidavits in the litigation against Frisby which admit that Eaton failed to turn over records indicating it attempted to improperly influence the Mississippi judge. The value of Eaton's stock declined significantly on the disclosure.
If you purchased Eaton common stock between August 2, 2009 and June 4, 2012, and suffered a net loss on those purchases you have the legal right to petition the Court to be appointed a "lead plaintiff." A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any such request must satisfy certain criteria and be made no later than October 2, 2012. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
Investors who are interested in serving as lead plaintiff or who have questions concerning their legal rights may contact Michael I. Fistel, Jr., Esq. (firstname.lastname@example.org) or Marshall P. Dees, Esq. (email@example.com) by email or via toll-free telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.