Deadline Alert: Law Offices of Howard G. Smith Reminds Investors of the Upcoming September 23rd Deadline in the Class Action Lawsuit Against Eaton Corporation plc

BENSALEM, Pa.--(BUSINESS WIRE)--

Law Offices of Howard G. Smith reminds investors of the upcoming September 23, 2016 deadline to file a lead plaintiff motion in the class action filed on behalf of a class (the "Class") of investors who purchased or otherwise acquired Eaton Corporation plc ("Eaton" or the "Company") ETN securities between November 13, 2013 and July 28, 2014, inclusive (the "Class Period").

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: in response to questions regarding the effect of the Merger on the Company's ability to spin-off its businesses, Eaton executives falsely assured investors and the market of the continued feasibility of divesting the Company's automobile-part manufacturing business on a tax-free basis. This prospect was key to investors' and analysts' ability to value the Company. As a result, Eaton and its executives artificially inflated the price of Eaton stock.

On July 29, 2014, Eaton's CEO, Alexander M. Cutler, informed investors that Eaton could not reasonably unload its vehicle business until late 2017 due to tax-law restrictions linked to the Company's merger with Cooper Industries plc. According to Cutler, the Company had been made aware of these restrictions "all along."

On this news, Eaton's share price fell over 8%, to close at just $70.51 on July 29, 2014.

If you purchased Eaton shares, you may move the Court no later than September 23, 2016 to request appointment as lead plaintiff. To be a member of the class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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