The Law Firm of Levi & Korsinsky Launches an Investigation into Possible Breaches of Fiduciary Duties, Corporate Waste and Unjust Enrichment by the Board of Directors of Eaton Corporation
NEW YORK, Dec. 1, 2011 /PRNewswire/ -- Levi & Korsinsky is investigating potential claims on behalf of long-term shareholders of Eaton Corporation ("Eaton" or the "Company") (NYSE: ETN) concerning improper conduct by the Company in an illegal scheme to foreclose Eaton's competitors from the Class 8 Truck Transmissions Market.
For more information, click here: http://zlk.9nl.com/eaton-corporation-etn/.
From as early as 2007, Eaton is alleged to have conspired with certain original equipment manufacturers to eliminate competition in the market of certain transmission products manufactured by Eaton through a series of illegal acts, thereby creating a monopoly. Consequently, Eaton was sued by one of its biggest competitors, ZF Meritor LLC, which ultimately obtained a jury verdict against the Company and is now seeking more than $800 million in damages from Eaton. The investigation focuses, among other things, on the conduct of Eaton's Board of Directors in affirmatively adopting, implementing, and condoning a business strategy based on deliberate and widespread illegal conduct that has now resulted in substantial potential damages to the Company.
If you own Eaton common stock and wish to obtain additional information about this investigation and your legal rights, please contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/eaton-corporation-etn.html.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud, representing investors throughout the nation, concentrating its practice in securities and shareholder litigation. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP
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