Eaton Corp. Fibbed About Effort To Sway Judge, Investors Say

Law360, New York (August 6, 2012, 6:12 PM EDT) -- A Florida union retirement fund on Thursday hit Eaton Corp. with a putative securities fraud class action claiming the Ohio-based builder of power systems duped investors when it denied unduly trying to influence a Mississippi judge presiding over a now-dismissed trade secrets case.

On May 31, when Eaton was forced to admit it had in fact attempted to influence Judge Bobby DeLaughter — who recently was released from prison in an unrelated corruption case — the company's shares plunged by 7 percent, according to the Florida...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.