Eaton Vance Offers $10.5M To End Class Action

Law360, New York (March 6, 2006, 12:00 AM EST) -- A long-simmering class action lawsuit brought by shareholders against investment management company Eaton Vance Corporation may finally be nearing a denouement, with the two sides having reached a tentative deal.

The development was announced on Monday in a joint statement issued by Labaton Sucharow & Rudoff LLP, Klafter & Olsen LLP, and Lerach Coughlin Stoia Geller Rudman & Robbins LLP, the law firms representing the plaintiffs.

Under the deal, Boston-based Eaton Vance, which operates a number of mutual funds, has agreed to establish a $10.5 million...
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