CBS Drops Contract Suit Against Eaton Switchgear

Law360, New York (June 14, 2011, 7:57 PM EDT) -- CBS Corp. on Tuesday dropped a New York contract suit against power management company Eaton Corp. over which should pay for product liability suits over allegedly defective switchgear technology that Eaton acquired from a CBS predecessor.

U.S. District Judge Leonard B. Sand, who had ordered the two sides into mediation in September, gave his approval to a stipulation ending the more than three-year-old case. The two sides did not disclose the terms of their deal, and their attorneys did not immediately respond to a request for...
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